Value Capture Strategies: Transportation Reinvestment Zones – The PrimerWednesday, July 14, 2021 1:00:00 PM EDT – 3:00:00 PM EDT
REGISTER HERE https://connectdotcqpub1.connectsolutions.com/content/connect/c1/7/en/events/event/shared/1112389207/event_landing.html?connect-session=breezbreezy3f48xtv2khrkri9&sco-id=1303211912&_charset_=utf-8
Transportation Reinvestment Zones (TRZs) are a funding mechanism first established by the 80th Texas Legislature in 2007 as a Value Capture strategy that capture and leverage the economic growth that results from a transportation project. A TRZ allows a city or county to designate a geographic area around a proposed transportation project and capture the incremental property tax and/or sales tax revenue generated in the area for use in funding the development of that project. A TRZ is not a tax increase—it merely allows for the dedication of all or a portion of the incremental increase in tax revenues generated within the boundaries of the TRZ to support the funding of the project which influenced the growth in tax revenues. FHWA will roll out the Transportation Reinvestment Zones – The Primer designed to provide information to state and local authorities looking for new and innovative funding sources to help pay urban, suburban, and rural public roads as well as spur economic development and redevelopment. Do you know which economic development tools are available to fund transportation infrastructure projects to attract new development or retain businesses to your community? Do you need infrastructure to accommodate your communities’ anticipated growth or assistance in implementing Incremental Growth Techniques?
Come to the Value Capture Strategies webinar on July 14, 2021 to learn how TRZ can help your state and local authorities. Registration is free but is limited, register now! to reserve your space.

Targeted Audience

The webinar series is intended for professionals from States, cities, counties, Tribes, and metropolitan and rural transportation agencies looking for innovative funding and financial strategies to pay for transportation projects. This would include professionals involved with directing and managing aspects of highway-related programs and projects, such as planning, environment, project development, design, construction, operations, maintenance, and finance.

Additional Information

Since 2019, at least 33 cities have implemented Value Capture techniques to fund new street infrastructure capital, maintenance, and preservation projects that can accommodate growth, support successful economic development/redevelopment, and create jobs and economic growth.

For additional information, please contact:

* Thay Bishop, FHWA Center Innovative Finance Support, 404-562-3695, thay.bishop@dot.gov mailto:thay.bishop@dot.gov
* Stefan Natzke, FHWA National Systems and Economic Development, 202-366-5010, Stefan.Natzke@dot.gov mailto:Stefan.Natzke@dot.gov

Resources: Available Now

* Consult the Value Capture Implementation Manual for information applicable to all Value Capture strategies of roadway projects.
* See the FHWA’s Value Capture website for case studies, best practices, lessons learned, FAQs, and resources.
* Watch a short video https://www.fhwa.dot.gov/ipd/value_capture/capacity_building/hot_topics_spotlights.aspx on how Value Capture optimizes agency resources.