Transit Value Capture on the Toronto Waterfront

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Waterfront Toronto (Toronto, Canada)

Waterfront Toronto engaged ECONorthwest to help evaluate the potential for real estate value creation and capture along a proposed transit corridor in the Toronto waterfront revitalization area. The former industrial area is adjacent to central Toronto, but significant urban development would necessitate the provision of new high-capacity transportation options. The region’s transit funding was not available for the area, so Waterfront Toronto sought ways to self-fund transit investments. ECONorthwest configured a MapCraft Lab with a public finance model to test a variety of urban development scenarios, estimate their financial uplift, and quantify the potential value capture funding outcomes. The team analyzed the revenue potential of various value capture strategies, including tax increment financing, property assessments, and parking in-lieu fees.