Loading ...
Sorry, an error occurred while loading the content.

Portland City wants landowners to contribute to streetcar operati ons costs

Expand Messages
  • Wetzel Dave
    Re Portland, Oregon, USA City Commissioner Randy Leonard wants property owners who benefited from -- and helped pay for -- streetcar construction to pick up
    Message 1 of 1 , Feb 12 1:39 AM
    • 0 Attachment
      Re Portland, Oregon, USA

      City Commissioner Randy Leonard wants property owners who benefited
      from -- and helped pay for -- streetcar construction to pick up more of
      the operations tab. The streetcar has helped increase property values and
      spur about $1 billion in development for two blocks along its alignment,
      the city says.

      Reap as you sow is fair. The trolley increased land values, those new and
      higher values belong to the community. Funding transit from ground rents
      would not even be subsidizing at all. At the same time, the values of
      buildings and businesses belong to individuals; society has not the right
      to tax true private property.

      Perhaps you saw the Financial Times (the Wall St Journal of the UK; or is
      it vice versa?) write confidently of this tax shift Feb 5. "A sixth issue
      is the proper reform of land taxation. It would be possible, for example,
      to accelerate the development of land by the introduction of high levels
      of taxation on undeveloped land."

      To put this principle into wider practice - pay for the values you take,
      not for the values you create.

      If you'd like more information on where this reform has worked, who else
      promotes it, please just ask or check our website (below). For more on
      just the transit-funding angle, you could check out my annotated
      bibliography of over 80 academic articles on using ground rents to fund
      transit at the website of the Victoria Transportation Policy Institute,
      vtpi.org.

      Thanks for your consideration. Ciao.

      SMITH, Jeffery J.
      President, Forum on Geonomics, www.geonomics.org
      3604 SE Morrison St, Portland OR 97214 USA; 503/234-0809
      Share Earth's worth to prosper and conserve.



      ***********************************************************************************
      The contents of the e-mail and any transmitted files are confidential and intended solely for the use of the individual or entity to whom they are addressed. Transport for London hereby exclude any warranty and any liability as to the quality or accuracy of the contents of this email and any attached transmitted files. If you are not the intended recipient be advised that you have received this email in error and that any use, dissemination, forwarding, printing or copying of this email is strictly prohibited.

      If you have received this email in error please notify postmaster@....

      This footnote also confirms that this email message has been swept for the presence of computer viruses.
      ***********************************************************************************
    Your message has been successfully submitted and would be delivered to recipients shortly.