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Location Value Capture Opportunities for Urban Public Transport Finance
"This paper presents a comprehensive discussion of the value capture mechanisms that cities can and do use to help finance their public transport systems. It highlights the most important findings from the literature and adds to it with new insights gained through case studies of public transit finance in six European and American cities. The objective is to inform a lively and productive dialogue on non-fare sources of public transport finance, and ultimately to find the best ways to finance the maintenance and extension of transit service in cities around the world."
Key findings
Institutions and their cultures matter.
Financial or operational crises provide motivation for action.
The willingness of the public to accept any existing or future taxes for transit is essential to success of any capture scheme.
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