There's more than one way to fund urban infrastructure
5 May 2016
By PETER NEWMAN and JEMMA GREEN | With the Australian federal government aiming to kick-start investment in urban infrastructure, pledging $50 million of public money in the 2016 budget to look at alternative financing mechanisms, attention is turning to the idea of “land value capture” as a means to attract the necessary funds.
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A special tax paid for the Gold Coast light rail. But there is another way. |
Put simply, land value capture involves using the additional value created on land around urban rail, as a result of the railway’s existence, to fund the rail itself.
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