Event Description/Abstract

This paper reviews and analyzes various innovative Financing tech­niques for highway and transit. With federal support diminishing and transportation needs growing, agencies are seeking new ways to meet this crisis. The techniques discussed fall into the four broad categories of: (1) charges on benefiting properties; (2) joint venture approaches; (3) user charges; and (4) marketing and merchandising approaches. Charges on benefiting properties recognize that there are specific beneficiaries who gain from transportation improvements and include: connector fees, negotiated investments, special benefit assessment, tax increment finan­cing and impact requirements. Joint ventures with the private sector recognize that it is mutually advantageous for public and private sectors to cooperate on transportation projects and include the techniques of land/air rights leasing, donations for capital improvements and cost shar­ing. User charges are intended as direct payments for services rendered and are classified as motor vehicle taxes and fees, tolls, commercial park­ing taxes and taxes on motor fuels. Marketing and merchandising ap­proaches include advertising and merchandising. None of the techniques are a panacea for transportation finance but where appropriate condi­tions exist, they can be effectively used to finance the growing transpor­tation needs of our nation

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Mar 11th, 12:00 AM

Analysis of Financing Options for Transportation

This paper reviews and analyzes various innovative Financing tech­niques for highway and transit. With federal support diminishing and transportation needs growing, agencies are seeking new ways to meet this crisis. The techniques discussed fall into the four broad categories of: (1) charges on benefiting properties; (2) joint venture approaches; (3) user charges; and (4) marketing and merchandising approaches. Charges on benefiting properties recognize that there are specific beneficiaries who gain from transportation improvements and include: connector fees, negotiated investments, special benefit assessment, tax increment finan­cing and impact requirements. Joint ventures with the private sector recognize that it is mutually advantageous for public and private sectors to cooperate on transportation projects and include the techniques of land/air rights leasing, donations for capital improvements and cost shar­ing. User charges are intended as direct payments for services rendered and are classified as motor vehicle taxes and fees, tolls, commercial park­ing taxes and taxes on motor fuels. Marketing and merchandising ap­proaches include advertising and merchandising. None of the techniques are a panacea for transportation finance but where appropriate condi­tions exist, they can be effectively used to finance the growing transpor­tation needs of our nation