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Want More Transit? Develop and Tax the Land Around Stations


To meet the demands of climate action, California must significantly shift trips away from private automobiles to less carbon-intensive modes of transportation, including public transit. Investment in public transit is hampered by high costs and lack of federal investment. Regressive consumption taxes instituted by local and state governments to fund public transit investment are approaching legal and political limits. An untapped source of revenue for public transit is land values. Recent studies have shown that private land value uplift associated with rail investment in Fremont, California and Manhattan, New York were multiple times the cost of the transit improvements. This document proposes ways in which California transit operators could re-capture the land value uplift in commercial and residential property to re-invest in public transit expansion and service. ....

United States , New York , San Francisco , Los Angeles , Scott Wiener , Joshua Hawn , Derek Sagehorn , Key System , East Bay , Red Cars , Bay Area , Transit Value Capture , Common Ground , Warms Spring , North Berkeley , ஒன்றுபட்டது மாநிலங்களில் , புதியது யார்க் , சான் பிரான்சிஸ்கோ , லாஸ் ஏஞ்சல்ஸ் , ஸ்காட் வீனர் , ஜோஷுவா ஹான் , டெரெக் சாகெொர்ன் , விசை அமைப்பு , கிழக்கு வளைகுடா , சிவப்பு கார்கள் , வளைகுடா பரப்பளவு ,