Steven Matthews (Wicklow, Green Party) | Oireachtas source

Exactly. Let someone else take it on. I have the sense that there is agreement that land value sharing is a good thing in terms of planning and sustainability, and is for the common good. It is the actions of the State that increased the value of that land so the State designates, through the planning process, that the land is suitable and needed for development. The zoning and planning process is the lightning rod for services such as transport, power and water to go in. Given that all of those State actions raise the value of that land for whoever happens to be in possession of it at the time, it is right in principle that the State should secure a return on its investment.

I have a lot of questions but I will try to stick to the topic because the discussion has veered off on tangents into judicial reviews and zoned land. Mr. Farrell or Mr. Moran raised the phasing aspect. Will the witnesses explain phasing and how it would not distort the market?