Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Land value capture and bus services

George Hazel Director E-Rail Edinburgh
01 April 2021
 

I would like to thank Steve Hayes for his letter of support about the work we are doing to help fund the Northumberland line railway through land value capture (LVC) (Letters LTT 18 Mar).

In response to the question raised about applying LVC to bus networks, we have not tried to apply our methodology to standard bus routes. This is because the response from landowners and developers suggests that a bus route can be changed at short notice and might disappear completely, whereas the risk of a...

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