Using surfaces to communicate changes in property values
Track: Real Estate
Authors: Arturo Bujanda, Jon Williams
Value capture (VC) is the process by which increments in land values attributed to community efforts are recovered by the public sector. In Texas, legislation enabling VC takes the form of a Transportation Reinvestment Zone (TRZ). This paper presents specifications to define the geographic boundaries of a TRZ using Triangulated Irregular Networks (TIN) based on cadastral parcel records in ArcGIS. Results are used in a financial model to assess cash flows accrued for bonding capacity for 8 years.