urban renewal: challenges and opportunities a presentation to places victoria and vpela 19 november...
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Urban renewal: challenges
and opportunities A presentation to Places Victoria and VPELA
19 November 2012
Brendan Lyon
Chief Executive Officer
Planning
Funding
• Property values increase as a result of proximity to new transport infrastructure.
• Value capture mechanisms enable government to access a portion of this property uplift.
• New revenue can be directed to funding
growth infrastructure.
• An enabling institutional and governance framework is required to support Victoria’s population growth
• A lead agency, equipped with planning and implementation powers must be designated.
Governance
Thank You
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