ABSTRACT
This chapter presents a comparative assessment of the suitability of each of the four Value Capture (VC) mechanisms: Special Assessment Districts (SADs), Tax Increment Financing (TIF), joint development, and the transit impact fee with the aim of developing a decision-support matrix that can be used by public transportation policy makers and professionals as they deliberate the suitability of one or a combination of VC mechanisms to meet their project-specific needs. Finally, by developing realistic scenarios that simulate real-world legal, political, policy and project-specific contexts, the chapter operationalizes the decision-support matrix. The transit agency would need to work closely with the city government under whose jurisdiction the rail line segment and the station fall. The joint development could include development of the station, the parking structure, retail and office space, and residential apartments. The retail should be carefully designed to attract the daily office commuters uses the station.
