Guidebook to Funding Transportation Through Land Value Return and Recycling (2018) / Chapter Skim
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Pages 67-76
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From page 67... ...
67 We already pay property taxes .
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From page 68... ...
68 Guidebook to Funding Transportation Through Land Value Return and Recycling to stakeholders should be developed. A good communication strategy for reaching the complete array of stakeholders includes steps such as the following: • Identification of all stakeholders, including – Elected officials and staff, – State and local transportation agency management and staff, – Economic development agency management and staff, – Revenue collection department or agency management and staff, – Key landowners, – Chamber of Commerce representatives, – Developer community, – Real estate sales community, – Environmentalists, – Transportation system users, and – Taxpayers; • Enlistment of support from key persons or institutions influential with stakeholder groups; • Tailored presentations to specific constituencies and stakeholders; • One-on-one meetings and interviews with key stakeholders; • Identification of trusted, neutral conveners who can bring diverse stakeholder groups together and help obtain consensus; • Creation of task forces, commissions, and advisory groups comprised of stakeholder representatives; • Development of easy-to-understand materials with graphics and retold stories to explain technical information; • Website and social media outreach; • Development of content for newsletters or other publications read by key stakeholder groups; and • Development of educational videos for presentation on social media or at stakeholder meetings or gatherings.
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From page 69... ...
Case example 22: Stakeholder Support Project: Elgin–O'Hare Western Access Project Location: Chicago Metropolitan Area, Illinois Value return was intensely reviewed during planning phases of the Elgin–O'Hare Western Access Project (part of the Illinois Tollway) , but due to a lack of stakeholder support, the project was not implemented.
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From page 70... ...
70 Guidebook to Funding Transportation Through Land Value Return and Recycling How to Meet the Administrative and Institutional Requirements Implementing land value return methods potentially brings new administrative and institutional requirements. In some instances, the knowledge and administrative capacity may already exist or may be easily adapted to accommodate land value return.
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Making Land Value Return Successful 71 How to Integrate Land Value Return into Transportation and Land Use Planning Aside from planning for local streets, transportation planning currently is conducted primarily by state departments of transportation (DOTs) and metropolitan planning organizations (MPOs)
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72 Guidebook to Funding Transportation Through Land Value Return and Recycling transportation infrastructure is with land use controls, other development regulations, and development incentives (or disincentives) embedded in the taxes and fees used to fund transportation infrastructure.
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Making Land Value Return Successful 73 first two years can be implemented using committed or available revenue sources and that the rest of the program funding is reasonably expected to be available. The requirement for fiscal constraint is met through the preparation of financial plans (required for MPOs and recommended for states)
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From page 74... ...
74 Guidebook to Funding Transportation Through Land Value Return and Recycling The current approach to capital programming in most state DOTs has the potential to limit the applicability of land value return. As discussed in Chapter 4, "Funding Transportation with Land Value Return," to move forward with land value return, a state DOT may need to consider changes in its project selection process to establish incentives at the local level to take necessary implementation actions.
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From page 75... ...
Making Land Value Return Successful 75 assign intergovernmental roles as to who will execute the project and how the partnerships should proceed. Land Use Planning Key land use planning tools include comprehensive plans, zoning, land use ordinances, transfer of development rights, density requirements, and others.
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From page 76... ...
76 Guidebook to Funding Transportation Through Land Value Return and Recycling • New housing development on farmland. Land value return would not generate much revenue (land values are low and would not increase much with the new development)
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