As a natural extension of University of Minnesota value capture study in 2009, this project demonstrates the
application of value-capture strategies to supplement transportation funding for the completion of TH-610 in Maple
Grove, Minnesota. Using spatial and regression analysis, we estimate that the completion of TH-610, with two
additional exits, would lead to a significant growth in assessed property value, including about $12 million in land
value and $5 million in buildings. The growth would result in about $4.3 million in property tax capacity, and
about $1 million in annual property tax revenue. With multiple scenarios of hypothetical value-capture designs, we
estimate the revenue potential of value capture would range from about $12 million to about $37 million, which
could be used to supplement project finance to expedite the completion of TH-610.
Hubert H. Humphrey School of Public Affairs,
University of Minnesota
Value Increase and Value Capture: The Case of TH-610 in Maple Grove, Minnesota.
Minnesota Department of Transportation.
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