Legislative Assembly for the ACT: 2014 Week 3 Hansard (9 April) . . Page.. 851..
MR SMYTH: Minister, what modelling has been used to calculate the uplift figure and will you provide this modelling to the Assembly?
MR CORBELL: Modelling in relation to uplift of land value is currently the subject of a business case being developed by the Capital Metro Agency. This will be subject to whole-of-government consideration later this year.
MADAM SPEAKER: A supplementary question, Mr Coe.
MR COE: Minister, what was the land uplift value included in the economic modelling that formed part of the 2012 Infrastructure Australia submission?
MR CORBELL: As that question relates to a report prepared in 2012, I will seek advice on the specific detail that Mr Coe is requesting, take the question on notice and provide further information.
MADAM SPEAKER: A supplementary question, Dr Bourke.
DR BOURKE: Minister, where else, where other light rail projects have been undertaken, has land value been so important?
MR CORBELL: I thank Dr Bourke for his supplementary question. There are a range of projects right around the world where land uplift has been a central part of the development of light rail projects.
We know from experience in Brisbane and the Gold Coast, we know from experience in Adelaide, we know from experience overseas—indeed, even in cities like Portland in Oregon, and many other cities across the United States and many other cities in Europe—that the development of dedicated transit through a light rail project has resulted in significant uplift in the value of the land. In some cities that has been captured through the specific revenue measures. That is particularly the case, for example, in Portland, Oregon, where the Portland municipal government is able to capture the increased value resulting from investment in dedicated transit light rail facilities through particular rating settings in that local government area.
So it is very clear that the experience tells us that it can result in significant uplift in value, and the government are looking very closely at the experience of these other jurisdictions as we finalise the business case for capital metro here in Canberra.
Youth—National Youth Week
MS BERRY: My question is to the Minister for Community Services and relates to how the ACT government engages with young people and community groups to address their needs. Minister, could you inform the Assembly how National Youth Week is being celebrated in the ACT for 2014?
MR BARR: I thank Ms Berry for the question. Minister Burch launched the ACT's National Youth Week celebrations last Friday at an expo in Garema Place. This event
Next page . .
Previous page. . . .
Speeches . . . .
Contents . . . .
Sittings . . . .