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By Mal (anonymous) | Posted March 08, 2013 at 15:20:31 in reply to Comment 87143
"I think we have to be quite creative in the fiscal tools we’re looking at and the value in investment tools,” Murray told the Star on Wednesday. “We want look at value planning, tax increment financing, value capture.”
http://www.thestar.com/news/gta/transportation/2013/02/20/transportation_minister_glen_murray_claims_fresh_ideas_for_transit_investment.html
https://canurb.org/category/tags/value-planning
http://en.wikipedia.org/wiki/Tax_increment_financing
http://en.wikipedia.org/wiki/Value_capture
This suggests to me that the province will pay for Big Move priorities by absorbing the increase in property tax valuations/assessment growth on properties in precincts adjacent to transit corridors. The "value planning" mention suggests that those projects expected to produce greater value capture will take priority over projects where value uplift is not as significant.
Just a guess.
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