Transportation Improvement Districts
Developers and local governments are looking for creative ways to finance multi-modal transportation infrastructure. The establishment of a transportation improvement district (similar to tax increment financing or community redevelopment area districts) is a creative way to generate revenues and to promote a specific type of development pattern. The principal of NUE Urban Concepts played an integral role in the development of such a district in Alachua County.
Transportation improvement districts combined with mixed-use developments are a way for local governments and / or private developers to recapture increases in property tax revenue to fund multi-modal transportation improvements. Local governments can used TID’s to recapture increase in property taxes from upzoning properties adjacent to transit or in designated urban infill areas. Private developers can recoup some of the cost of providing public infrastructure, parking structures and/or the funding of transit service.
Community Development Distrcits & Public Infrasture Fee
Community Development Districts (CDDs) are special purpose local governments allowed by Florida Statute that provide limited governmental and fund and maintain infrastructure. CDD's have the ability to issue bonds to fund infrastructure and to assesse development within the district to pay off the bonds. CDD’s may enact a Public Infrastructure Fee on retail sales within the district, similar to a sales tax, to pay for public infrastructure. The principal of NUE Urban Concepts helped with the establishment of the Celebration Pointe CDD and currently serves as its Chairman.
State Infrastructure Bank Loan
The State of Florida has established a State Infrastructure Bank (SIB) to provide competitive low interest loans to local governments and private developers to finance public infrastructure that benefits or relieves State Interstate System (SIS) facilities. NUE Urban Concepts helped the developer of Celebration Pointe obtain a low interest SIB loan to fund the SW 30th Bridge over Interstate 75. The SW 30th Bridge includes four travel lanes, the Archer Braid Trail, on-street bicycle lanes and a dedicated transit lane within the median.
Impact fees are a traditional means of development mitigation used by many communities. However, most impact fees do not recognize the transportation benefits of mixed-use development or the reduced transportation impact of new development in urban areas.
The founder of NUE Urban Concepts developed the 1st Impact Fee that established a lower rate for Traditional Neighborhood Developments & developed a tiered impact fee rate for development within urban and rural areas.
Mobility Fees are an equitable and innovative alternative to traditional transportation concurrency and proportionate share that allows development to mitigate its impact to the transportation system through a one-time payment. Mobility Fees provide local governments with the flexibility to funding multi-modal transportation system improvements consistent with a Mobility Plan.
The Principal of NUE Urban Concepts has developed Mobility Fees for Alachua County, Osceola County and Sarasota County and is working with the Town Longboat Key, City of Venice, City of North Port, City of Altamonte Spring and the City of Maitland on development of Mobility Fees. The Mobility Fees are based upon Mobility Plans adopted to meet the unique travel demands of each community. The Mobility Fees are structured in such a manner as to assess lower Fees for mixed-use development, urban infill development and transit-oriented development.