Renegade Economists Podcast 188
Professor Peter Newman (Curtin Uni) joins us for an in depth discussion on the peak oil era and the cities we will need. We examine the report he co-authored with Trubka and Bilsborough – Assessing the Costs of Alternative Development Paths in Australian Cities. (PDF 627 KB)
Points of note include how inner suburban living can save 4400 tonnes of greenhouse gases per 1000 homes (for more on this pls listen to the recent podcast with Dr Robert Crawford as per below). Some of the stats reeled off are from Table 4 of the report ie the additional cost of policing the sprawl is $388,416.
Prof Newman discusses how Land Value Capture is world’s best practice in financing infrastructure. How does it curb sprawl? Read about the Gold Coast Rapid Transport Corridor and the role LVC can play.
The above photo is of the bombsite opposite Melbourne’s Spencer St station. Vacant for over a decade, this picture is endemic of the game that land speculators play in undermining community and enforcing sprawl. The land value gains land bankers enjoy should be recycled back to the community, funding the new network of magnetic trains we so need.