The Value Capture Commission was created by the legislature as part of the Transportation Finance Act of 2013. Value capture is a type of public financing that recovers some or all of the value that public infrastructure generates for private landowners.
The commission is responsible for reviewing and evaluating the "policies and best practices of other jurisdictions used to obtain benefits from the increased value of adjacent properties as a result of public infrastructure projects or "value capture" and the current policies and mechanisms available within the commonwealth relative to value capture."
In addition, the statute directs that commission report to the "general court on the effectiveness of the commonwealth's current value capture policies and recommend whether certain policies from other jurisdictions should be implemented as part of the comprehensive state transportation plan."
Meeting Agendas and Documents:
January 28, 2015
December 19, 2014
November 18, 2014
October 7, 2014