Value capture refers to the process by which all or a portion of increments in land value attributed to community efforts rather than to landowner actions are recovered by the public sector. As such, it is a form of a public–private partnership. It is widely used across the country and around the world for transit applications; however, its applications to roadways have only recently emerged into discussions of roadway finance, out of motivation stemming from the transportation funding crisis. Two states have legislative provisions for enabling value capture for financing transportation. In Texas, this takes the form of a transportation reinvestment zone (TRZ). This paper presents specifications for a TRZ based on a case study approach and then applies a financial evaluation model based on those specifications to a case study corridor in El Paso, Texas, to assess preliminary revenue sources and cash flows that can be accrued for value capture bonding capacity.