Brian Wilson

@heidimur a 30% value capture revenue stream will require enormous areas of rezoning - based on PBO assessment of the project, the ‘value capture’ would need to exceed the entire revenue from land tax in 22-23 .. roughly equating to a value capture zone the size of greater Melbourne Net outcome is that: 1. Housing costs in the value capture zones will skyrocket flowing onto domestic rents & commercial leasing charges 2. Add on taxes & developer contributions will greatly escalate costs & therefore financing due to higher market risk 3. The build out time to achieve the 30% project cost equivalent revenue would be > 20 years. The cost of project debt in that period exceeds the potential revenue gain SRL as a project concept definitely has merit (the entire loop inc the west) however the poor project scope and lack of delivery resilience makes any private sector uplift’risky business’