Quote:
Originally Posted by twoNeurons
The city designates a percentage of land that has to be used for public use when new projects are built... parks, amenities, etc.
Along the Broadway corridor, specify that any rezoning around rapid transit stations get put into a different property tax segment. An additional percentage to areas within walking distance of a major transit corridor (designated by a B-Line stop or Rapid Transit station)
Alternatively, instead of just rezoned properties, it could get applied to any dwelling around a major transit stop... which would lighten the load somewhat.
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Is that not counter productive to what trans-link is trying to accomplish. Obviously raising costs disproportionally on properties near transit stations will reduce their value and the incentive to rezone and develop them. In other words the properties will be less desirable to redevelop. It would make more sense to raise rezoning costs on properties away from transit stations and lower them near transit stations. Having said that I know that would be a impossible sell for obvious reasons but just saying.
I really like Jlousas idea in many ways, any way you can create competition between cities you give mayors a reason and more importantly a excuse to rezone land near transit and help translink financially. Cities since their responsible for zoning really should play a bigger roll in directly funding transit, right now not only do they have little incentive to help translik they often wouldn't be able to sell it to the public even if they wanted to.
As far as funding goes property taxes is where the biggest share should come from, its fair and efficient and the costs filter down to all segments of society based on how much they can afford to pay. A vehicle levy is idiotic and I will fight tooth and nail to make sure it doesnt happen, it is unfair and makes little logical sense.