Dr. Herbert Barry III, serves the community in many ways, not least of which is his position as a senior director of our parent organization, the Center for the Study of Economics.
Dr. Barry recently published a brief essay in the "Pittsburgh Post-Gazette" in support of collecting economic rent in an efficient and just way:
The piece was written to analyze the excitement over the possibility of a Bus Rapid Transit Line from the University of Pittsburgh area to Downtown increasing access and raising property values. The hubbub has been generated by a similar line in Cleveland, Ohio.The difficulty of capitalizing the investment of the community into fiscal benefits TO the community are noted. Matching local funding for the BRT ought to be sourced from local land values, particularly value uplifts in areas near projected BRT stops.
The project environs in particular and Pittsburgh in general would reap a greater benefit by reducing the tax burdens on what the project is meant to encourage: growth and building in areas long-abandoned and blighted.