Lincoln Institute reports that they have granted a fellowship for work on Sustaining Mass Transit through Land Value Taxation: A Case Study of Chicago. Lincoln requires registration (free) to read the article that says the project will focus on the South Chicago USX site but will also “estimate the impact of transit accessibility on land values in the Chicago metropolitan area.” MIT Graduate student Shan Jiang will work with Prof. P. Christopher Zegras on the project.
From what I can find, Zegras has done quite a bit of work on transport funding, mainly in Latin America, and doesn’t seem to have any particular interest in land value. Although I have already estimated that RTA-funded rail transit alone generates something over $1.3 billion land rent annually, Zegras will have greater financial and technical resources and should be able to develop a better estimate. We shall see.