Yonah Freemark argues that Value Capture will be insufficient to fully fund a subway in Toronto: Sinking Dreams of a Privately-Funded Subway in Toronto, which is too bad. It would be nice however if Value Capture were at least partially used to fund lots of projects now paid for out of general revenue.
(Via Human Transit.)
(Also I am disappointed I did not get invited to this, though I couldn't go anyway.)
