Value Increase and Value Capture: The Case of TH-610 in Maple Grove, Minnesota

Zhirong, Zhao
2014-01
Thumbnail Image

View/Download File

MnDOT2014-03.pdf (4.65 MB)

Persistent link to this item

https://hdl.handle.net/11299/162794
Statistics
View Statistics

Journal Title

Journal ISSN

Volume Title

Title

Value Increase and Value Capture: The Case of TH-610 in Maple Grove, Minnesota

Authors

Published Date

2014-01

Publisher

Minnesota Department of Transportation

Type

Report

Abstract

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.

Keywords

Description

Related to

Replaces

License

Collections

Research Reports

Series/Report Number

MnDOT 2014-03

Funding information

Hubert H. Humphrey School of Public Affairs, University of Minnesota

Isbn identifier

Doi identifier

Previously Published Citation

Suggested citation

Zhirong, Zhao. (2014). Value Increase and Value Capture: The Case of TH-610 in Maple Grove, Minnesota. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/162794.

Content distributed via the University Digital Conservancy may be subject to additional license and use restrictions applied by the depositor. By using these files, users agree to the Terms of Use. Materials in the UDC may contain content that is disturbing and/or harmful. For more information, please see our statement on harmful content in digital repositories.