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Land Value - example of lost benefit

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  • Wetzel Dave
    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
    Message 1 of 1 , Feb 17, 2004
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      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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