Received from David Reed.
Lanark has over the past year or so experienced a 40% rise in house prices.
One cannot help but note the link between this and the increase to a 30
minute frequency train service.
The other detail which is worth working on is the enthusiesm for initiatives
featured in Making Cities Work (published this week) with authors George
Hazel and Roger Parry - the latter being CEO of Clear Channel International.
The book and associated project/competition is featured on
www.makingcitieswork.com and the book notes the success of the Brisbane
busway, rasining land values 20% in 3 months compared to a 6% figure for non
connected land.
Oh that we could mobilise that land value factor as well as the Metropolitan
Railway Company did (by buying up adjoining land and building the houses on
it).
David Reed.
Or better still, not go for a single hit, but collect a Location Benefit
Levy or Land Value Tax - which would create a revenue stream for future
transport projects - year in and year out!
Dave
Dave Wetzel
Vice-Chair
Transport for London
42-50 Victoria Street. London.
SW1H 0TL. UK
Tel: 020 7941 4200
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