Financing Transit Systems Through Value Capture
An Annotated Bibliography
29 August 2013
By Jeffery J. Smith and Thomas A. Gihring
with Todd Litman Victoria Transport Policy Institute
This paper summarizes the findings of more than 100 studies concerning the impacts transit service has on nearby property values, and the feasibility of capturing a portion of the incremental value to finance transit improvements. The results indicate that proximity to transit often increases property values enough to offset some or all of transit system capital costs.
A shorter version of this paper was published as, “Financing Transit Systems Through Value Capture: An Annotated Bibliography” American Journal of Economics and Sociology, Volume 65, Issue 3, July 2006, p. 751.