Using Value Capture to Finance Infrastructure and Encourage Compact Development

@article{Rybeck2004UsingVC,
  title={Using Value Capture to Finance Infrastructure and Encourage Compact Development},
  author={Rick Rybeck},
  journal={Public Works Management \& Policy},
  year={2004},
  volume={8},
  pages={249 - 260}
}
  • Rick Rybeck
  • Published 1 April 2004
  • Economics
  • Public Works Management & Policy
Transportation investments often increase nearby land values. This can choke off development, pushing new growth to cheaper sites remote from these investments. This “leapfrog” development creates a demand for infrastructure extension that starts the process over again. Transportation infrastructure, intended to facilitate development, thus chases it away. Resulting sprawl strains the transportation, fiscal, and environmental systems upon which communities rely. Several jurisdictions around the… 

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