Trumpets and Cloverleafs: Financing Freeway Interchanges in Tight Times

摘要

The paper lays out a possible approach to financing freeway interchanges or other large facilities in new development situations. It involves creating more sophisticated reimbursement agreements, so that whoever puts up the money to actually build the interchange gets paid back as development occurs in the rest of the service area. The text of the paper explores conceptual issues that must be settled for reimbursement arrangements to work well. A copy of legislative language based on this discussion is attached.