land value capture

America’s Tollbooth Future?

on

The Trump administration has promoted the need to harness the windfall gains property owners enjoy when infrastructure is built in close proximity. The Legislative Outline for Rebuilding Infrastructure in America includes the following section: C. Transit 1. Require Value Capture Financing as Condition of Receipt of Transit Funds for Capital Investment Grants (A) Federal programs […]

Read more

Prosper’s 2018-19 Federal Prebudget submission

on

The debate over tax policy in Australia has reached fairly mediocre levels. The best the Federal Government can muster is a company tax cut, which they intend to by stealth replace with income tax via bracket creep. Meanwhile the natural bounty of land is ever increasing in price via debt leveraging and population growth, worsening […]

Read more

Missing the point on corruption

on

by Dr Cameron Murray reposted from macrobusiness On Friday 28th April I am appearing and Queensland’s Crime and Corruption Commission’s Operation Belcarra as an expert witness on relationships between councillors and property developers, and how that leads to favouritism. A narrow focus What is interesting from my perspective is how narrow the focus of the […]

Read more

Value Capture Verve

on

Prosper’s recent value capture submission answered pressing questions, an indication of how deeply the Department of Infrastructure is considering this vital funding mechanism. Read the department’s Value Capture discussion paper for an insight into their understanding. Value Capture submission Infrastructure Investment Division Department of Infrastructure and Regional Development February 2017 About Prosper Prosper Australia is […]

Read more

Building bridges to ourselves: Infrastructure Australia’s Value Capture initiative

on

A great way to bury an unwelcome government report is to release it into the alcoholic haze of a hot Australian Christmas. Infrastructure Australia’s Capturing Value paper is too important to suffer this fate: who pays for the infrastructure we need is a matter of first importance. Australia’s excessive reliance on labour taxes means wage-earners […]

Read more

Next time government says it can’t afford to build, wave this IA report in their face

on

Australia has a problem: we can’t build roads, rail and schools as fast as population is growing with current government financing methods. Failing to keep up with our current needs – let alone investing for an uncertain future – puts the living standards of everyone at risk. We and our ancestors worked very hard to […]

Read more

Gold Coast light rail study helps put a figure on value capture’s funding potential

on

by Dr Cameron Murray cross-posted from The Conversation Value capture actually can work when it comes to funding new transport infrastructure. My research on the Gold Coast light rail provides the figures to demonstrate the size of the gains to nearby land values, which were around 25% of the A$1.2 billion capital cost in stage […]

Read more

Rail crossing removal makes me cross – do it properly!

on

The next rail crossing to be removed by the Victorian Government’s Level Crossing Removal Authority is at Grange Road, Alphington. It is asking locals whether they would prefer a sky bridge over or a concrete trench under. The good residents of Alphington are being presented with very bad options. The best solution is a cut […]

Read more

Dear Prime Minister, I’m an innovation worker and your ‘Plan’ will drive me away.

on

By Matt Ellis reposted from RationalRadical Dear Prime Minister Turnbull, I am writing to belatedly and publicly call your bluff on your so called ‘innovation agenda’, which forms a key plank of your ‘Plan’ for jobs and growth. There are all kinds of reasons to be disappointed with your leadership of this country so far, […]

Read more

The Andrews government underground gift to wealthy landholders

on

Victorian taxpayers were kicked in the teeth yesterday by Public Transport Minister Jacinta Allen, who announced city landholders would not have to contribute to the $10.9 billion Metro Rail project, though they will enjoy substantial and certain land prices rises from its construction without lifting a finger. Improving access and speed to the city for […]

Read more

https://prosper.org.au/tag/land-value-capture/