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By StephenBarath (registered) | Posted May 06, 2014 at 13:25:45 in reply to Comment 101028
Who benefits when property values go up but the owners of those properties? It’s because demand has gone up which is certainly a good thing, but the property owner is the beneficiary of that. If someone invests in an improvement to his property, and attracts higher rents because of it, that’s certainly a good thing. Should the taxpayer pay to have that individual’s location improved for him?
In the case of improved transit, transit is a public good. If this investment’s intent is improved transit + increased development, I don’t see what’s wrong with asking the beneficiaries of that development from footing part of the bill.
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