NCHRP, Report 873: Value Capture Guidance

High Street played an integral role in the development of TRB’s NCHRP Research Report 873: Guidebook to Funding Transportation Through Land Value Return and Recycling. The Guidebook presents guidance on ways to mobilize some portion of property-value increases to fund maintenance and operations as well as investment in the infrastructure. Local government typically has authority to deal with matters related to land use and land-related revenue-generating mechanisms, therefore access to land value return and recycling—a subset of real estate-based value capture methods—may require enabling legislation or partnering with local agencies. This report includes examples of applications of land value return and recycling as well as model legislation and institutional structures to facilitate the strategy.