Urban renewal: challenges

and opportunities A presentation to Places Victoria and VPELA

19 November 2012

Brendan Lyon

Chief Executive Officer

Planning

Funding

• Property values increase as a result of proximity to new transport infrastructure.

• Value capture mechanisms enable government to access a portion of this property uplift.

• New revenue can be directed to funding

growth infrastructure.

• An enabling institutional and governance framework is required to support Victoria’s population growth

• A lead agency, equipped with planning and implementation powers must be designated.

Governance

Thank You