Planetizen - Urban Planning News, Jobs, and Education

Value Capture

September 2, 2018, 7am PDT
City officials have a new ambition for a corner of St. Louis once considered for an NFL stadium and an MLS stadium. Now the future site of an NHL practice facility, the surrounding area could become an entertainment district.
St. Louis Post-Dispatch
August 23, 2018, 12pm PDT
The tax allocation district set up to capture development value created by the Atlanta BeltLine has fallen short of its intended goals for creating and preserving affordable housing.
NextCity
April 13, 2018, 7am PDT
The New York Times transit reporter looks into the lack of progress on the $2.5 billion project proposed by Mayor Bill de Blasio in his 2016 State of the City speech. The mayor responds angrily to a Daily News article casting doubt on the project.
The New York Times - N.Y. / Region
March 28, 2018, 2pm PDT
In an opinion for City & State, Kathryn Wylde, president of the nonprofit Partnership for New York City, makes the case that the Metropolitan Transportation Authority should be allowed to tax properties where value is enhanced by subway proximity.
City & State
March 26, 2018, 2pm PDT
Gov. Andrew Cuomo (D-N.Y.) appears to be backing away from a controversial plan to toll midtown Manhattan but shows no reservations about embracing land value capture, which some regard as a "taking" by taxing land proximate to subway stations.
Politico New York
January 31, 2018, 5am PST
Value capture, collecting tax increment from subway adjacent properties to help provide money needed to repair the 114-year old subway system, is proposed by New York Gov. Andrew Cuomo and opposed by the New York City Mayor Bill de Blasio.
The New York Times
January 22, 2018, 12pm PST
For those who have spent the last year or so waiting on the edge of their seats in speculation about the contents of President Trump's promised infrastructure plan, there is finally some indication of what the future holds.
Axios
January 12, 2018, 5am PST
Depending on what's included, the cost to rebuild the ailing 665-mile system could be $111 billion, but the city's future depends on it. A feature-length New York Times Magazine piece looks at its history and suggests ways to finance rebuilding.
The New York Times Magazine
October 25, 2017, 8am PDT
Labor leaders argue that curbing real estate speculation is Vancouver's best chance at lowering housing costs.
The Vancouver Sun
January 25, 2017, 12pm PST
School advocates don't like the idea of a tax allocation district for the redevelopment of the former GM plant in Doraville.
Atlanta Journal-Constitution
January 21, 2017, 11am PST
Central SoMa ("South of Market") in San Francisco will soon have a new neighborhood plan. Planners hope zoning changes will reap rewards in property values and public benefits.
Curbed SF
October 4, 2016, 12pm PDT
Several new developments are adding funds to the pot of money in a streetcar district created by Minneapolis to circumvent a politically unpalatable tax increment financing district.
Minneapolis Star-Tribune
May 31, 2016, 12pm PDT
Two USC professors argue that Los Angeles would be better served if Metro could recapture some of its investment in the county's expanding rail system.
Los Angeles Times
March 30, 2016, 7am PDT
With the key assumption that more of Philadelphia needs to see the benefits of the recent wave of investment that has come to the city's urban core, politicians at varying levels of government are considering multiple policy options.
Philadelphia
September 10, 2015, 5am PDT
The city of Cambridge is proposing a new transportation enhancement fund that would charge developments to fund upgrades Red Line’s Kendall/MIT Station or enhanced bus service.
The Boston Globe
August 17, 2015, 12pm PDT
A common and sometimes controversial funding mechanism is growing in popularity in suburban Minnesota, even as its use in the urban core decreases.
Minneapolis Star Tribune
June 19, 2015, 7am PDT
A post by CityMetric uses examples from the United Kingdom to make the case for new approaches to value capture.
Citymetric
May 11, 2015, 12pm PDT
A debate over a special property tax assessment to fund a James Corner-designed redo of Nicollet Mall in Minneapolis raises questions about public benefit and value capture.
MinnPost
May 6, 2015, 8am PDT
A new mapping project allows new access to information about Chicago's controversial tax increment financing mechanism. Now at least the debate will include visuals.
Curbed Chicago
March 30, 2015, 6am PDT
Scott Rawlins argues that public-private partnerships could help transportation departments turn assets into income streams. Underutilized land and data are two areas of interest.
Governing