Upzoning Shouldn’t Be Given for Free, Says Economist
The public deserves a share in the value upzoning creates, says Cameron Murray.
By Christopher CheungDo landowners own the air space above their properties? “In the 1920s, property lawyers were puzzling over the aeronauts because air travel was just invented,” said Cameron Murray, an Australian economist visiting the University of British Columbia later this month. “If you fly over someone’s house, are you trespassing?” The Latin expression Cuius est solum, eius est usque ad coelum et ad inferos — “For whoever owns the soil, it is theirs up to heaven and down to hell” — might be popular... Read more