With self-government, a worldwide reputation as a beautiful, planned city, and a stable base of people and jobs, Canberra has achieved much. The time has come, not only for birthday congratulations, but also for a look to the future. In particular, we ask how the public sector-now the Australian Capital Territory (ACT) Government-should participate in the growth and development of this future Canberra? More specifically, given the fact that all land is publicly owned and leased to private users, how could the ACT Government best manage this asset?