"Enhanced Infrastructure Financing Districts (EIFDs) are tools that capture rising property values around transit and reinvest that growth into infrastructure. While value capture is widely used around the world, the report suggests the county has yet to take full advantage of it, despite having the density and development potential to do so."
"Streets for All's research finds L.A. County alone could raise around $15-23 billion through this method, assuming an EIFD radius of two miles from each station. The Burbank Station will be adjacent to its airport and Streets for All sees modest opportunities for investment there."
"Palmdale Station could be the key. With significant land available for development and a much shorter commute into Downtown Los Angeles, the opportunities to build housing of all types is high."
Los Angeles County has the potential to generate $15-23 billion for transit improvements through Enhanced Infrastructure Financing Districts (EIFDs). These districts capture rising property values around transit and reinvest that growth into infrastructure. The report emphasizes that while value capture is common globally, L.A. County has not fully utilized this method. Three high-speed rail stations are planned, with Palmdale Station offering significant development opportunities due to available land. Political support is crucial for EIFD approval, especially in densely populated areas like Downtown Los Angeles.
Read at Streetsblog
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