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107 <br /> whose missions resonate with the values of providing excellent transit service–namely, <br /> improving the economic, environmental, cultural, social, healthcare access, and educational <br /> opportunities in our region. Such foundations, endowments, and trusts identified to date <br /> include the Golden LEAF Foundation,the Goodnight Educational Foundation, the Sall Family <br /> Foundation, the AJ Fletcher Foundation,the Blue Cross Blue Shield Foundation, the Bank of <br /> America Foundation, and the North Carolina State Employees Credit Union Foundation. <br /> GoTriangle is confident about the prospects for building private, corporate, and philanthropic <br /> support for the D-O LRT Project.This confidence is rooted in past experience where the people <br /> and organizations of the Research Triangle region have consistently demonstrated a willingness <br /> to make robust investments in their communities. <br /> Value Capture–As far back as 2011, Value Capture—the strategy of having the areas around <br /> stations that increase in value due to public investment contribute to paying for that transit <br /> investment—was discussed as a potential revenue stream for the D-O LRT Project.The adopted <br /> 2011 and 2012 plans in Durham and Orange Counties,which anticipated 25%state funding <br /> based on historical precedent with Charlotte, did not contain a value capture component when <br /> they went to the ballot. <br /> As part of the Transit-Oriented Development Pilot Program grant received by GoTriangle from <br /> the FTA, consultants at Gateway Planning are currently in the process of assessing the potential <br /> value of future development at each station along the D-O LRT line, and the potential amount of <br /> revenue that value capture districts at stations could contribute to project funding will also be <br /> measured.The results of this study and potential value capture implementation strategies for <br /> local governments to consider should be available in summer or fall of 2017. <br /> Efforts to round out the non-New Starts funding of the D-O LRT Project will be ongoing in the <br /> coming months and years. GoTriangle envisions our local government partners, the <br /> Collaborative and the nonprofit, described above, to be important components of this effort, as <br /> they consider the case for value capture opportunities and help to identify and secure private, <br /> corporate, and philanthropic contributions to the project. <br /> 10 <br />