Explainer: what is ‘value capture’ and what does it mean for cities?
- Written by Nicole Gurran, Professor - Urban and Regional Planning, University of Sydney
Transit value capture is used in Hong Kong.Flickr/Kin, CC BYValue capture secures some of the benefits delivered by public investment to offset the costs of provision. The notion has been around in various forms for a while, but recently gained steam. Prime Minister’s Malcolm Turnbull’s Smart Cities Plan touts value capture as a way to...
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