Thank you! Heard about this for the first time in Ben Max's recently was wondering if there were any longer firm pieces, this is great. I wonder if city council is pro-urbanism enough to make it happen.
Permitting, and specifically environmental review are definitely big burdens in the process of building transit. I took a look at some of the challenges with environmental review and transit projects here: https://www.sidewalkchorus.com/p/environmental-review
Wouldn't levying an extra tax on property value increases serve to push property values back down? I'm not saying this wouldn't provide some revenue, but it seems like an extra tax would make it more difficult for owners to sell, thereby artificially deflating the value (temporarily, perhaps).
Love this idea so much - we need to get City Council to have a serious discussion of where and how they can utilize this policy!
Given that the "value capture" tax won't be 100%, I wonder if you know of examples of this funding mechanism in other locations and what typical revenues and tax structures were for them? I'm curious how much a tax like this could feasibly be expected to raise and what doors that could be expected to open.
Thank you! Heard about this for the first time in Ben Max's recently was wondering if there were any longer firm pieces, this is great. I wonder if city council is pro-urbanism enough to make it happen.
I heard about this topic through Max Politics, too! Fingers crossed the council will be amenable.
Wow. This would be an awesome tax for Zohran to levy, if he has to do that.
That said, I wonder if these projects are slow-moving due to financing or permitting ...
Permitting, and specifically environmental review are definitely big burdens in the process of building transit. I took a look at some of the challenges with environmental review and transit projects here: https://www.sidewalkchorus.com/p/environmental-review
Wouldn't levying an extra tax on property value increases serve to push property values back down? I'm not saying this wouldn't provide some revenue, but it seems like an extra tax would make it more difficult for owners to sell, thereby artificially deflating the value (temporarily, perhaps).
Love this idea so much - we need to get City Council to have a serious discussion of where and how they can utilize this policy!
Given that the "value capture" tax won't be 100%, I wonder if you know of examples of this funding mechanism in other locations and what typical revenues and tax structures were for them? I'm curious how much a tax like this could feasibly be expected to raise and what doors that could be expected to open.