Aussie prof says land value increase can fund light rail

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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