Bill to allow value-capture to pay for transit (with a streetcar bias)

From the Transportationist, TC Daily Planet reports that a bill before the legislature introduced by Rep. Frank Hornstein would allow cities to capture property tax value (like TIF) from locations within one half mile of a transit line to pay for improvements (stations, streetscaping, etc).  However, the bill only allows captured revenue to be used for operating costs if the transit is a streetcar.

Why the authors would limit expenditures on operating costs to streetcars is beyond me.  Why not include all fixed-route transit?  Even if there is a rail bias, why not include LRT?  Are there fears about losing tax base along Central Corridor?

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