[Guest blogging today is Stephen Schlickman, Executive Director of the Urban Transportation Center at University of Illinois at Chicago. The relationships between property value and infrastructure are studied exhaustively, and UTC’s specialty is the factor of transportation infrastructure in the outcome of property value. Today, Steve explores how real estate development can overcome funding challenges for infrastructure projects using a funding technique called “value capture”. Mr. Schlickman has a law degree from DePaul University and an undergraduate degree from Georgetown University. In 1992, he was named to the prestigious “40 Under 40″ list by Crain’s Chicago Business. -WG]
The Urban Transportation Center at the University of Illinois at Chicago released a study this year that suggests the construction of an inland port may have driven industrial property value higher along its service area.