VALUE PLANNING FOR PUBLIC INFRASTRUCTURE INVESTMENTS

 

Proposed LRT (for the City of Ottawa)

This study came about as the result of a Light Rail Rapid Transit (LRT) project in Ottawa that was being championed by the (then) Mayor of Ottawa as a critical public infrastructure investment in terms of realizing the planning objectives of the City of Ottawa’s Growth Management Strategy (Ottawa 20/20) and related “smart growth” policies.

Daniel Nixey led a team that was retained to examine the possible actions the City could take to maximize its capture of a portion of the increase in property value resulting from the investment in the LRT.  The study involved a detailed parcel-specific modeling of property values along the proposed corridor, with and without the LRT, under a range of assumptions relating to projected development response and an assessment of value capture based on various tax and development charge regimes.

 

Proposed Intensification of Mississauga Town Centre Lands (for the City of Mississauga)

The objective of this project was to determine the financing strategies for a range of public investments, with a focus on transit, that could be used to support the development of the Mississauga Downtown 21 Main Street District.  The project sought to align the proposed municipal infrastructure investments with tax-base uplift potential; restore the non-residential tax base by encouraging office development; find opportunities for advancing public-private partnerships; identify development opportunities that promote “place making”; and establish a financing plan to advance municipal development and redevelopment objectives.  

Following the value planning approach developed by Daniel Nixey in conjunction with the Canadian Urban Institute, the study team modeled the probable development response to a range of public investments and calculated the property uplift.  The study team also recommended an approach to the participation of the major owners of the Main Street District.

 

Proposed LRT (for the City of Hamilton)

The objective of this study, produced by the Canadian Urban Institute, was to provide a rationale for a proposed Light Rail Transit investment in the City of Hamilton as an economic development catalyst and revenue generator for the city. The study process involved: an evaluation of public lands along the corridor for their development potential; and evaluation of underutilized private lands along the corridor for their development potential; the preparation of two corridor development projections (with and without LRT); a calculation of the magnitude of property value uplift; and a review of potential value capture and realization.  Daniel served as the value planning mentor to the study team.