Aussie prof says land value increase can fund light rail

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Land value increase due to light rail is sufficient to pay the entire cost of construction, asserts Curtin U. Prof Peter Newman.  At a minimum, he suggests, the increased real estate tax revenue resulting from the system should be used as part of the funding.  This from an interview on (Australia) Radio National‘s Saturday Extra, May 18.  I think RN leave their audio posted for only a few weeks after broadcast.  One assumes Newman has written some posts somewhere documenting his assertions, but a quick search doesn’t reveal any.

 

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