Mr. John O'Mahony:

Coming at the end, it is natural for me to say I agree with everything that has been said. I will make a couple of observations about land value capture. In Copenhagen, the authorities had a very interesting model where the port was effectively set up as an LDA-type organisation. The land it owned, which was the port lands and a very large military site on the edge of the city, were rezoned. The uplift in the value was used to build a metro and link the lands through the city. This was a very interesting way of using real value. There may be opportunities when we look at the value that might apply to lands the LDA buys-----