Innovation in Public Transport Finance

This book reviews four major Value Capture mechanisms all of which are used to fund transit in the US. Through the study of prominent examples of these VC mechanisms, it evaluates each mechanism’s performance focusing on aspects such as equity, revenue-generating potential, the institutional capacity required to design and implement the mechanisms, stakeholder support for these mechanisms, and the legal and policy environment. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, one chapter of this book is devoted exclusively to an overview of the VC mechanisms in use internationally.