Financing Local Mobility

Our community is shifting gears for the first time in six decades as we prepare for what is expected to be a new phase of growth and development in Central New York. As a new generation of local leaders face the challenge of preparing their communities for this expansion, we need to plan for multimodal transportation networks to accommodate this growth. Planning our multimodal transportation systems becomes a critical step in preparing our community for what is to come, as well as the hurdle of financing these planned improvements.

The goal of this resource is to educate localities about the value of quality multi-modal facility networks, ways to plan for multi-modal facilities, and how to close funding gaps.

Check out our presentation as we dig deep into the tools available to plan and finance these networks and highlight some regional and national case studies. You can also find links to further resources on these financing tools, case studies, and reference manuals below.

Through the research for this project, the SMTC organized many attributes of various Value Capture techniques to help local leaders identify which might be most useful for them. Check out our Value Capture Strategy Summary Table to learn more about innovative financing tools available here in Central New York.

In addition, the FHWA created a self-assessment tool for local municipalities and public agencies to gauge their preparedness for implementing Value Capture techniques. SMTC encourages municipalities to use this tool to start internal conversations about what can be done locally to begin closing funding gaps in planning and funding transportation improvements.