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.