It’s only “value capture” if it comes from the Georgist region of land value taxation. Development fees and exactions are just sparkling housing taxes.
Vancouver planners said legalizing sixplexes would create land value uplift that the city could tax to fund public amenities. But they allowed sixplexes only on larger lots. Why not do this everywhere? Why are we refusing to do land value capture? blog.michaelwiebe.com/p/why-does-v...