Tag Archives: value capture
Value Capture through Voluntary Planning Agreements Part 2 – Key Issues & Examples of Some Local Council Practices
My previous article examined the concept of value capture, provided a basic land economics justification, and described how it is typically implemented through voluntary planning agreements (‘VPAs‘) under s93F of the Environmental Planning and Assessment Act 1979 (‘EPA Act‘) in connection with planning proposals in an urban … Continue reading
Value Capture through Voluntary Planning Agreements Part 1
Section 93F of the Environmental Planning and Assessment Act 1979 (‘EPA Act‘) establishes a statutory system of bargaining for community benefits between planning authorities and persons interested in the use and development of land, such as landowners and developers (‘landowners‘). The bargain … Continue reading
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