Mecone was engaged by Transport for NSW to analyse and identify the urban renewal opportunities and value uplift along the light rail corridor. Mecone provided a study that assisted in informing the potential for urban renewal uplift for the project that was used in the development of the business case. Mecone’s scope of work included:

• Creating lot-level modelling of existing land uses and potential land use scenarios. The land use scenarios included a base case that could occur without the light rail and an intervention case that identified the potential urban renewal uplift that could occur because of the light rail
• Compilation and consolidation of strategies and plans for uplift in the PLR study area to inform land use modeling
• Identification of additional opportunities for urban renewal uplift
• Provision of advice relating to utilising value capture mechanisms to fund the project