Re: [WorldTransport Forum] Land Value - example of lost benefit
- For a comprehensive summary of studies of the property value impacts of
transit see "FINANCING TRANSIT SYSTEMS THROUGH VALUE CAPTURE: AN ANNOTATED
BIBLIOGRAPHY" by Jeffery J. Smith and Thomas A. Gihring, available at the
Victoria Transport Policy Institute website: (http://www.vtpi.org/smith.htm).
Please let us know if you uncover any additional quantitative studies.
At 08:54 PM 2/18/2004 +1000, Michael Yeates wrote:
> >Lanark has over the past year or so experienced a 40% rise in house prices.Sincerely,
> >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
> >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 Wetzel
> >Transport for London
> >42-50 Victoria Street. London.
> >SW1H 0TL. UK
> >Tel: 020 7941 4200
Todd Litman, Director
Victoria Transport Policy Institute
"Efficiency - Equity - Clarity"
1250 Rudlin Street
Victoria, BC, V8V 3R7, Canada
Phone & Fax: 250-360-1560