6.2 LOCAL FINANCING AND VALUE CAPTURE MECHANISMS
Identifying and unlocking profitable TOD relies on the fundamentals of real estate development. If project costs exceed revenue, the project is infeasible. If project revenues exceed costs, the project is feasible and turns a profit. If a project is financially infeasible but supportive of the overall TOD goals and strategy, JTA can consider several tools to help close the gap.
475
Made with FlippingBook - Share PDF online