TRYING TO UNDERSTAND THE LIGHT RAIL FIXATION

The findings of this report have implications for value capture strategies that attempt to harness property value increases near transit to help offset the costs of transit investments, or to help finance other needed improvements along transit corridors. Due to the uneven nature of development patterns near transit and the need for strategic investments, the study suggests a corridor-level approach to value capture may be very useful because value created in a strong market locations can help fund needed improvements and enable development elsewhere in the corridor.

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