The Effects of Transportation on the Tax Base and Development of Cities

Abstract

The study develops a model for use in forecasting the impacts of multi-mocal urban transportation improvements. The model, named the Chicago Area Transportation-Land Use Analysis System (CATLAS), is a dynamic methodology developed to forecast and analyze the following types of effects from transportation investments: changes in modal splits, changes in vacancy rates, housing and land values, changes in housing stock, changes in consumer and producer surplus and changes in tax bases. The forecasts are determined annually and by small geographic zones in a metropolitan area. Transportation improvements and investments are represented by changes in zone to zone travel times and costs. A central focus of CATLAS is the evaluation of value capture policy by examining the pecuniary impact of transportation on housing and land values. These benefits may be captured by a special assessment tax and are important in determining benefit-cost calculations.\n

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