Australia seems to have a high-level public discourse on the merits of transit value capture policy. That's a hopeful thing for us since many scholars consider Australia the most comparable society/country to the United States.
This opinion piece considers the risks of a transit value capture policy. For example, the author considers the timing of introducing new value capture policies:
There is a real risk in Sydney that over-provision of high-rise residential properties will over-saturate the market, producing low returns and low "value uplifts".
I look forward to this sort of discussion in our national political forums!
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.