Leading Toronto Mayoral contender John Tory calls for TIF, a type of LVT

[Frank de Jong]

http://www.theglobeandmail.com/news/toronto/john-torys-smarttrack-why-his-big-bet-on-transit-is-a-real-risk/article20177429/

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Frank de Jong

Earthsharing Canada

[Sue Honsl]

Its a shame that the person who wrote the article is so down on the idea!
 

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Date: Tue, 26 Aug 2014 19:13:35 -0700
Subject: Leading Toronto Mayoral contender John Tory calls for TIF, a type of LVT
From: fde...@earthsharing.ca
To: earthshar...@googlegroups.com

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[Stephen Wickens]

To some degree, I agree.

  But TIFs and SADs are not the best ways of implementing value capture.

      An adaptation of MTR's hugely successful rail + property model in conjunction with the faith that well planned transit improvements will torque the tax base is what's needed.

         Done properly, we don't just raised funds for capital projects, we nurture the public's will to fund them. We automatically hold plans to business models and we make operations more efficient. Maybe best of all, we also use R+P to drive urbanism objectives.

              I'll probably vote Tory because by process of elimination, but he's not getting good advice on transit funding.

Cheers, Steve

Stephen Wickens – freelance writer and editor – stephen....@gmail.com – worldwidewickens.com