Inter-American Development Bank (IDB)
On behalf of the Inter-American Development Bank, HR&A developed a first-of-its-kind dynamic tool to evaluate transit-oriented development potential and project land value capture revenues across a planned 15-municipality commuter rail corridor in San José — delivering a standardized, replicable methodology that can be applied to any station along the line.
Funding a transit investment of this scale through traditional public sources alone presented a clear constraint — one that demanded both analytical rigor and a methodology replicable across dozens of stations. HR&A developed a comprehensive dynamic tool to evaluate transit-oriented development (TOD) potential based on current conditions and alignment with sustainable and equitable development goals, and to project LVC revenues under future scenarios. For each prioritized station, we prepared a market scan projecting demand by land use and estimated revenues from a range of LVC instruments — including betterment levies, land readjustment, density bonuses, and public-private development on public land.
The standardized methodology HR&A developed allows the IDB and its government counterparts to apply the same analytical framework across the full corridor — building a replicable foundation for land-based transit financing in Costa Rica and the broader Latin American context.
