Value Capture In Situ: Participation, Evaluation, and Signaling in Kansas City, MO
place - north america, place - urban, mode - tram/light rail, economics - value capture, economics - revenue, land use - impacts, land use - planning
economic development, governance, infrastructure and capital facilities, politics and society, public administration, transportation, urban form
This paper provides a qualitative examination of the implementation of a value capture–funded streetcar investment in Kansas City, MO. Using semi-structured interviews, I show that the local benefits of value capture financing go beyond revenue-raising. Local officials used value capture to limit the public approval process to residents who supported enhanced transit and to redefine the metrics of a successful transport investment in terms of land development impacts. This strategic, and unexpected, use of value capture underwrites property-led economic development that uses infrastructure investments to signal public-sector priorities, in terms of both geography and populations.
Permission to publish the abstract has been given by SAGE, copyright remains with them.
Fischer, L. A. (2023). Value capture in situ: Participation, evaluation, and signaling in Kansas City, MO. Journal of Planning Education and Research, 43(2), 281-293.