Land Value Capture makes Transit Self-financing

Tolls, Taxes: Globe and Mail: April 19, 2013

Ontario Premier Kathleen Wynne is right to forge ahead with Toronto-area transit upgrades, even over the complaints of parochial mayors. However, instead of new taxes and tolls – which will pit suburban dwellers against downtown residents and businesses – the new transit should be financed by collecting the rise in land values that the new infrastructure itself will generate.

Land-value capture makes warranted transit “self-financing,” with no need for politically unpopular new tolls or taxes.

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