Even with a population one 1/10th the size of the United States, it's my perception that Canadian news outlets discuss transit value capture at a rate 3.14159 times greater than the US media. For the most part, the chatter is positive. However, in a recent piece out of Vancouver, value capture gets brief mention in a negative light.
Yes, a 0.5% increase in the provincial sales tax — within the Metro Vancouver region — is the best way to fund TransLink’s 10-year, $7.5-billion transit improvement plan. Some may argue it’s the least-worst option picked from a handful of undesirables, which include mobility pricing, a vehicle levy, land value capture or raising the carbon tax — these four being very undesirable.
It turns out that a deep love for transit value capture is not a universal Canadian sentiment. Nor is it a prerequisite for Canadian citizenship. My bubble is burst!
Ian Carlton is a transportation and land use expert specializing in transit-oriented development (TOD). He helps clients - including transit agencies, planning departments, and landowners - optimize real estate development around transit.
Special thanks to Burt Gregory at Mithun for permission to use the Portland Streetcar image above.