The City of Calgary opened a new airport runway in 2014. To avoid having to close direct road access to the airport from the city’s northeast, the city plans to build a tunnel under the new runway. The cost of the tunnel is about $300 million and is to be financed mainly by an increase in property tax rates in Calgary. Discuss the incidence and efficiency effects of the tunnel project from a capital tax view and a user fee view of the property tax. Which view of the property tax do you think is more appropriate for the tunnel project? Explain your reasoning.