Modelling a land value capture application in Christchurch, New Zealand (2016)
AuthorsNeville, J. T. J.show all
Cities around the world are looking for more and more innovative ways in which they can increase their competitiveness, and improve their liveability. Unfortunately for many cities they are faced with a cycle of car dependency, limiting the ability for productive growth and for more sustainable urban outcomes. The focus for most cities have shifted towards how they are able to provide well planned public investment in transportation infrastructure. For most cites the interests is in moving away from vehicles and towards mass transit. Mass transit however is exceedingly costly and few projects are followed through into the implementation stage. New Zealand cities are no different, and in many regards worse when it comes to the provision of mass transit. These challenges are escalated due to the expectations of many urban residents to be provided better and more frequent services. New Zealand struggles to afford large infrastructure projects, particularly the kind that will improve productivity and increase economic viability. There is limited means or capacity to invest in the scale of works likely to make substantial difference. For this reason the cities of New Zealand need to look carefully at what funding opportunities are available to them and how it is possible to innovate in transportation funding to start providing economically productive, and smart infrastructure investment. Land values act as a barometer for good provision of infrastructure, and new ways of capturing this value is possible to be undertaken so cities can thrive. This thesis examines the application of Land value uplift and capture as applied to an urban setting in New Zealand. This works through international examples and simulates this in a Christchurch setting.