Local and state governments provide 75 percent of transit funds in the United States. With all levels of governments under significant fiscal stress, any new transit funding mechanism is welcome. Value capture (VC) is one such mechanism. Based on the “benefits received” principle, VC involves the identification and capture of public infrastructure-led increase in land value. The report from the Mineta Transportation Institute is intended to assist practitioners in gauging the legal, financial and administrative suitability of VC mechanisms for meeting project-specific funding requirements.