Leverage innovative financing & public-private partnerships for taxpayer benefit.
By supplementing traditional funding, innovative financing mechanisms such as infrastructure banks, federal credit assistance, and public-private partnerships can help communities carry out critical projects. in particular, partnerships to construct “transit-oriented development” near stations and intermodal centers can be powerful generators of economic development, with long-term payoff for communities and investors alike. To grow these resources, the next transportation bill should:
Structure innovative financing programs to protect the public interest while supporting projects that ensure a strong return on investment and capture the benefits of economic development;
Expand innovative financing programs to provide the upfront credit needed for transit-oriented development; and
Measure performance of financed projects to learn from and replicate best practices.