Evy Anwar, Northern Beaches Council, discussing value-capture opportunities in her council
Across the nation there is greater and greater demand on infrastructure, increased urbanisation and decreasing car use. Urban leaders are faced with the challenges of delivering multimodal transport, public squares for amenity and housing that meets the needs of a diverse community. Central to addressing these challenges is funding the projects that matter – that is finding a nexus between the development and the public benefit.
There are several tools available from development levies, voluntary planning agreements (VPAs) and planning incentives. These look to not only create value from the development but also capture it and share it across the community.
The planning, legal, financial and funding issues associated with these tools were explored in an intensive masterclass on 16 March, 2017 conducted by the Cities Leadership Institute and supported by AECOM.
Urban leaders from across local and State government joined forces with the private sector to build models and applications to case studies and their own communities.
Tim Moore discussing value-capture with representatives from City of Canterbury-Bankstown
Key take outs included:
Leslie Stein talking about the pros and cons of VPAs
Our experts included:
Leslie Stein, Senior Advisor, Governance and Policy for HillPDA and Adjunct Professor of Urban Planning at University of Sydney
Robert Peskin, Senior Consulting Manager, AECOM USA (presentation here)
Professor Peter Newman AO, John Curtin Distinguished Professor of Sustainability (presentation here)
Our case study experts included:
The masterclass was attended by representatives from Northern Beaches Council, City of Canterbury-Bankstown, Inner West Council, Cumberland Council , Georges River Council, Lake Macquarie City Council and Waverley Council, as well as SSROC, UrbanGrowth NSW and individuals from the private sector.
See photos of the event here