Mr. Pat Farrell:

I reiterate we welcome the principle of LVS and we have not come up with a load of reasons against it. What we have said is it should be phased and the value capture should be applied to the specific site to provide the essential infrastructure that is needed. I ask members as legislators the following question. Would they complete an analysis of an important Bill based on the fact the analysis undertaken by Indecon was based on assumptions and an incomplete data set, given the lack of recorded data on land values? That is untenable in the sense that the Bill has been crafted, in large measure, around a study carried out by Indecon that, according to the memorandum, is based on assumptions and an incomplete data set, given the lack of recorded data on land values. I presume that, like me, nobody here has seen the Indecon report but it has to be published, even in redacted form, because it will be impossible for the committee to complete its process, I would humbly suggest, unless we can get access to that Indecon report and see what the assumptions were and to what degree those assumptions can stand up based on the stated fact it was carried out on the basis of an incomplete data set and a lack of recorded data on land values.