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Re: Crossrail raises land values by 25%

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  • John
    ... David, a very good informative post. But £16 bn and rising for a nice to have rail line that parallels the existing Central line is money not well
    Message 1 of 3 , Oct 17, 2012
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      --- In LandCafe@yahoogroups.com, David Reed <dbcreed@...> wrote:
      >
      > Crossrail has been a slow-motion disaster for LVT from the off.

      David, a very good informative post. But £16 bn and rising for a nice to have rail line that parallels the existing Central line is money not well invested. A fraction of that money will get Liverpool's two ancient disused tunnels running under its city centre in use with stations cut into the tunnels, and the dangerously overcrowded Central station expanded or moved down the tunnel - the city desperately needs the metro upgraded and expanded to generate economic growth. The 1829 Wapping Tunnel is one of the oldest rail tunnels in the world and the first under a metropolis.

      Leeds and Birmingham desperately need rapid-transit rail or a segregated tram system like Manchester's Metrolink.

      But no matter where HMGs money is spend on urban rail, land values will raise around the lines and stations, and this should be reclaimed to pay for the economic growth creating infrastructure. Which take me to the point of local authorities implementing LVT to generate economic growth creating infrastructure.
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