Tuesday, January 2, 2007

Government Action = Landowner Benefit

Brendan Buck runs a fascinating blog on planning and development in the Dublin area. He writes about the increase in land values after the Dublin Port Tunnel opened. Dear Dirty Dublin's taxpayers chipped in 750 Million Euros, yet I bet that the land owners situated where the tunnel pops out of the water won't pay more than anyone else for this unearned windfall.

I wonder what my friends at Eire's own Feasta - who try and rationalize the public economy for sustainability and prosperity for all would make of this?

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