URBAN TRANSIT COST RECOVERY FEASIBILITY STUDY

Award Information
Agency:
Department of Transportation
Branch
n/a
Amount:
$48,000.00
Award Year:
1987
Program:
SBIR
Phase:
Phase I
Contract:
n/a
Award Id:
6907
Agency Tracking Number:
6907
Solicitation Year:
n/a
Solicitation Topic Code:
n/a
Solicitation Number:
n/a
Small Business Information
316 Pennsylvania Se #400, Washington, DC, 20003
Hubzone Owned:
N
Minority Owned:
N
Woman Owned:
N
Duns:
n/a
Principal Investigator:
JAMES L KUEBELBECK
PRINCIPAL
() -
Business Contact:
() -
Research Institute:
n/a
Abstract
URBAN TRANSIT IMPROVEMENTS ENHANCE THE VALUE OF THE PROPERTY THEY SERVE. TRADITIONAL URBAN TRANSIT FINANCING TECHNIQUES NEGLECT THIS POTENTIAL SOURCE OF REVENUE. BENEFIT ASSESSMENT DISTRICTS AND IMPACT MITIGATION FEES, BASED ON CONCEPTS ORIGINALLY DEVISED FOR MINOR IMPROVEMENTS (EG. SIDEWALKS), HAVE BEEN APPLIED EXPERIMENTALLY TO URBAN TRANSIT, BUT DO NOT GENERATE THE MAJOR FUNDING URBAN TRANSIT REQUIRES. A MORE ROBUST URBAN TRANSIT FINANCING APPROACH WHICH CAPTURES ENHANCED REAL ESTATE VALUES IS SORELY NEEDED. THE FEDERAL COST RECOVERY DISTRICT CONCEPT, DEVELOPED BY THE PROPOSED PRINCIPAL INVESTIGATOR AND FIRST APPLIED TO FEDERAL WATER RESOURCES DEVELOPMENT PROJECTS UNDER SEC. 916(A) OF THE WATER RESOURCES DEVELOPMENT ACT OF 1986, IS SUCH AN APPROACH. THIS STUDY WOULD EVALUATE THE APPLICABILITY OF THE FEDERAL COST RECOVERY DISTRICT CONCEPT TO URBAN TRANSIT FINANCING, RECOMMEND APPROPRIATE MODIFICATIONS TO MEET THE ECONOMIC, LEGAL AND INSTITUTIONAL NEEDS OF URBAN TRANSIT, AND IDENTIFY POTENTIAL DEMONSTRATION SITES.

* information listed above is at the time of submission.

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