Yes, from what I understand the mechanics are close. Letwin's recommendations aligned with how a ZAC works: a public vehicle to assemble land, masterplan it, and sell serviced plots to builders while funding infrastructure from the land value uplift.
Isn't this a variant of what Letwin proposed in the UK context?
Sorry I’m late replying, John.
Yes, from what I understand the mechanics are close. Letwin's recommendations aligned with how a ZAC works: a public vehicle to assemble land, masterplan it, and sell serviced plots to builders while funding infrastructure from the land value uplift.
Superb - glad this was explained as it’s a superb model which can be adapted
Thanks for your feedback, Rashiq,
I’m glad you found the article useful. Let me know if there’s any aspect you’d like explained in more depth in a future article.
Ciarán Breen