Framework for land value capture from investments in transit in car-dependent cities
Many car-dependent cities have major transit projects stuck in financial and economic assessment due to inadequate links between land use, transport, and funding. This has left most urban transport networks underfunded and requiring significant government support. During this widening transit fundin...
| Main Authors: | , , , |
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| Format: | Journal Article |
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University of Minnesota, Department of Civil Engineering
2017
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| Online Access: | http://hdl.handle.net/20.500.11937/53641 |
| _version_ | 1848759192191500288 |
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| author | McIntosh, James Newman, Peter Trubka, Roman Kenworthy, Jeffrey |
| author_facet | McIntosh, James Newman, Peter Trubka, Roman Kenworthy, Jeffrey |
| author_sort | McIntosh, James |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Many car-dependent cities have major transit projects stuck in financial and economic assessment due to inadequate links between land use, transport, and funding. This has left most urban transport networks underfunded and requiring significant government support. During this widening transit funding gap, there has been an international increase in demand on transit systems, which is in part a response to the global peak in car use per capita. This paper demonstrates to transit proponents and practitioners how to facilitate infrastructure projects by optimizing induced and activated land-use change. A five-step framework for assessment is proposed that includes assessing the regional and local legislation and regulations to determine what alternative funding opportunities are available, undertaking accessibility beneficiary analysis, analyzing the project-induced land value uplift, developing an alternative funding strategy to implement integrated land-use and transport planning mechanisms, and preparing a procurement and delivery strategy. The proposed assessment framework enables transit business cases to extend project funding for integrated transit and land-use projects, especially in car-dependent cities. This is demonstrated through a case study of Perth, Western Australia. |
| first_indexed | 2025-11-14T09:55:58Z |
| format | Journal Article |
| id | curtin-20.500.11937-53641 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:55:58Z |
| publishDate | 2017 |
| publisher | University of Minnesota, Department of Civil Engineering |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-536412019-09-05T02:00:22Z Framework for land value capture from investments in transit in car-dependent cities McIntosh, James Newman, Peter Trubka, Roman Kenworthy, Jeffrey Many car-dependent cities have major transit projects stuck in financial and economic assessment due to inadequate links between land use, transport, and funding. This has left most urban transport networks underfunded and requiring significant government support. During this widening transit funding gap, there has been an international increase in demand on transit systems, which is in part a response to the global peak in car use per capita. This paper demonstrates to transit proponents and practitioners how to facilitate infrastructure projects by optimizing induced and activated land-use change. A five-step framework for assessment is proposed that includes assessing the regional and local legislation and regulations to determine what alternative funding opportunities are available, undertaking accessibility beneficiary analysis, analyzing the project-induced land value uplift, developing an alternative funding strategy to implement integrated land-use and transport planning mechanisms, and preparing a procurement and delivery strategy. The proposed assessment framework enables transit business cases to extend project funding for integrated transit and land-use projects, especially in car-dependent cities. This is demonstrated through a case study of Perth, Western Australia. 2017 Journal Article http://hdl.handle.net/20.500.11937/53641 10.5198/jtlu.2015.531 http://creativecommons.org/licenses/by-nc/3.0/ University of Minnesota, Department of Civil Engineering fulltext |
| spellingShingle | McIntosh, James Newman, Peter Trubka, Roman Kenworthy, Jeffrey Framework for land value capture from investments in transit in car-dependent cities |
| title | Framework for land value capture from investments in transit in car-dependent cities |
| title_full | Framework for land value capture from investments in transit in car-dependent cities |
| title_fullStr | Framework for land value capture from investments in transit in car-dependent cities |
| title_full_unstemmed | Framework for land value capture from investments in transit in car-dependent cities |
| title_short | Framework for land value capture from investments in transit in car-dependent cities |
| title_sort | framework for land value capture from investments in transit in car-dependent cities |
| url | http://hdl.handle.net/20.500.11937/53641 |