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Page 97
Suggested Citation:"Appendix H - Interviews." National Academies of Sciences, Engineering, and Medicine. 2016. Guide to Value Capture Financing for Public Transportation Projects. Washington, DC: The National Academies Press. doi: 10.17226/23682.
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Page 97
Page 98
Suggested Citation:"Appendix H - Interviews." National Academies of Sciences, Engineering, and Medicine. 2016. Guide to Value Capture Financing for Public Transportation Projects. Washington, DC: The National Academies Press. doi: 10.17226/23682.
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Page 98

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97 I Demographics of Interview Participants In total, the project team interviewed 20 individuals for the purpose of this guide. Participants were selected based on their experience with and knowledge of a case study project. To supplement information in this guide, the project team also interviewed individuals with expertise in value capture from the perspective of a ratings agency. Table 25 shows the interview participants for this guide and the types of organizations that they represented. All interviews were conducted on a con- fidential basis, and information received from interviews was not attributed to specific individuals. II Interview Questions The interview questions and discussion topics presented below were the starting point for our conversations with interviewees. Depending on the specific knowledge and experience of the individual, precise questions differed. 1) Interviewee/respondent background a) Name, title, responsibilities, background, time at post b) Involvement with project 2) Project background a) What made your organization (transit agency, local government, or developer) interested in the project? b) What were the key decision criteria for your organization? i) Capturing/inducing transit ridership ii) Serving existing commuters/predevelopment residential/employment patterns iii) Serving post-development residents/workers drawn to new development/TOD iv) Relieving roadway congestion v) Economic development strategy vi) Real estate development within a corridor/TOD near station sites vii) Project funding and financing viii) Growth management or other public policy mandates or objectives ix) Other (political, environmental) 3) Value capture a) How were value capture strategies incorporated into the project? i) Strategic partnership ii) Cooperative planning, zoning, entitlement efforts iii) Land acquisition or other real estate strategies iv) Identify successes, innovations, impediments v) Financing b) How important were value capture solutions in the completion of the project? A p p e n d i x H Interviews

98 Guide to Value Capture Financing for public Transportation projects 4) What were your greatest challenges related to the project? a) Compliance b) Procurement c) Design d) Timing e) Financing 5) What do you perceive to be the greatest barriers to multiparty partnerships? a) How did you overcome these barriers? 6) What were the greatest lessons learned? 7) Do you have any suggestions for implementing future value capture–related TOD projects? Table 25. Interview participants. Project Organization Type Of Organization Boston Landing Station Regional transit authority Public Boston Landing Station Developer Private sponsor Denver Union Station Outside counsel Private partner Denver Union Station Engineering firm Private partner Denver Union Station Developer Private Denver Union Station Regional transit authority Public Denver Union Station City and County of Denver Public Kansas City Streetcar City of Kansas City, MO Public Kansas City Streetcar Developer Private Kansas City Streetcar Outside counsel Private partner Overall Transit agency Public Overall Investment bank Public finance and banking Overall Moody’s Rating agency Portland Streetcar Nonprofit authority Nonprofit Portland Streetcar Developer Private WMATA Silver Line WMATA Public WMATA Silver Line Developer Private WMATA Silver Line Local county Public WMATA Silver Line Developer Private WMATA Silver Line Local county finance Public

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 Guide to Value Capture Financing for Public Transportation Projects
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TRB's Transit Cooperative Research Program (TCRP) has released Research Report 190: Guide to Value Capture Financing for Public Transportation Projects. Value capture is the public recovery of a portion of increased property and other value created as a result of public infrastructure investment. The report identifies the requirements necessary for successful value creation through transportation infrastructure investment and capturing a portion of that value through specific value capture mechanisms. It includes six case studies that provide practical examples of successful value capture from public transportation investments.

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