Dave Wetzel has this morning passed on this URL — — which will take you to a 5 minute clip produced by Fred Harrison. It looks into the anomaly hereby taxpayers finance infrastructure investments that create high value, that are captured not by the public as a whole but by the lucky individual landowners whose real estate values rise, often hugely, as a result of these public investments.
This is the whole concept in a nutshell of Value Capture, a valuable tool which is not being used or even much talked about, other than in exceptional circumstances,
Bottom line: Value Capture is a key element of the New Mobility Agenda strategy. Every public investments So we all will do well to learn more about it and push the idea when the opportunity arises.