A Hypothetical Case: Value Capture/Joint Development Techniques to Reduce the Public Costs of Public Improvements
![handle is hein.journals/waucl16 and id is 163 raw text is: A HYPOTHETICAL CASE: VALUE
CAPTURE/JOINT DEVELOPMENT
TECHNIQUES TO REDUCE THE PUBLIC
COSTS OF PUBLIC IMPROVEMENTS
DAVID L. CALLIES*
Although we cannot yet say that value capture will be unfail-
ingly successful in defraying the capital costs of development in
all U.S. cities, it offers a major untapped source of transit reve-
nue . . . . Most of the initiative for the use of value capture
techniques must come from the local level.
Robert M. Patricelli
Former Administrator
Urban Mass Transportation
Administration
It has now been several years since Christopher Duerksen and I
proposed a series of techniques to reduce the public sector costs of
fixed guideway rapid transit systems.' While Mr. Duerksen has gone
on to work more extensively in historic preservation and industrial
siting problems, I have continued to work with the Rice Center for
* Professor of Law, University of Hawaii School of Law; A.B., DePauw Univer-
sity, 1965; J.D., University of Michigan, 1968; LL.M., Nottingham University (En-
gland), 1969. Much of the research which forms the basis for this article was
completed under the auspices of the United States Urban Mass Transportation Ad-
ministration's Division of Research and Training.
1. Callies & Duerksen, Value Capture As a Source of Funds to Finance Public
Projects, 8 URBAN L. ANN. 73 (1974) [hereinafter cited as Callies & Duerksen].](ViewImageLocal?handle=hein.journals/waucl16&div=5&collection=&method=preview&ext=.png&size=3)
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A Hypothetical Case: Value Capture/Joint Development Techniques to Reduce the Public Costs of Public Improvements
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