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SB827: Difference between revisions
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== Proposals ==
=== Capture value from upzoning value uplift
see also article [[Value_capture|Value capture]]
Lisa Schweitzer (2/9/18): <br/> ''"Since we are with BS827 setting up special districts around transit stations anyway, we should set up them up special assessment districts, use the transit-value and up-zone value in land appreciation to derive revenues to put into a fund for: a) rental vouchers; b) school districts with new student need from the new developments and c) transit operations and support."''▼
==== Dr. Lisa Schweitzer: make Transit Zones special assessment districts ====
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Schweitzer, Lisa. "[https://lisaschweitzer.com/2018/02/09/what-id-fix-about-sb827-aka-that-white-paper-has-sooooooo-been-written-already/ What I’d fix about SB827, aka that white paper has sooooooo been written already]." 02/09/2018. <br/> [https://lisaschweitzer.com/2018/02/09/what-id-fix-about-sb827-aka-that-white-paper-has-sooooooo-been-written-already/. https://lisaschweitzer.com/2018/02/09/what-id-fix-about-sb827-aka-that-white-paper-has-sooooooo-been-written-already/. ]
See further discussion and annotation of this post in main article [[Value_capture|Value capture]]
==== <br/> Greg Morrow: land value capture in fixed-route station areas ====
Greg Morrow @gregmorrow [https://twitter.com/gregmorrow/status/962102520662310913 3:14 PM - 9 Feb 2018]<br/> "I agree with @drschweitzer here. One thing I suggested to @markvalli yesterday was land value capture in fixed ROW (Metro, LRT, BRT) station areas via a property surtax to create rent subsidies within those station areas for those who need it."
Greg Morrow @gregmorrow [https://twitter.com/gregmorrow/status/962104297700802561 3:21 PM - 9 Feb 2018]<br/> I also suggested using base/max densities, wherein over base = local amenity fund contribute to pay for local community's self-determined top priorities (e.g. parks, cleanup, safety, childcare, etc). Bottom line: local communities must benefit more directly from redevelopment.
Greg Morrow @gregmorrow [https://twitter.com/gregmorrow/status/962106039263899649 3:28 PM - 9 Feb 2018]<br/> "Planners and policy-makers, esp in LA, have typically used a hammer and screwdriver to achieve outcomes. But there are many more tools in the toolbox, esp fiscal tools, e.g. land value capture, Mello-Roos special assessment districts, contributions to community amenity funds, etc."
Richard K. Green - auction off development rights
Richard K. Green @keynesianr [https://twitter.com/keynesianr/status/962103896339488768 3:20 PM - 9 Feb 2018]<br/> Replying to @gregmorrow @drschweitzer @markvalli<br/> "Or even better, auction off the development rights. That would maximize revenue."
=== Exempt or apply differently to certain areas ===
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