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

Rail ‘misses out on property value uplift’

RAIL

17 March 2017
 

Rail derives little or no value from property development schemes as the industry is barred from owning non-operational land for non-rail purposes, says former TfL deputy chairman Daniel Moylan.

“There is insufficient revenue from new rail infrastructure to pay its way, and there are limited techniques for capturing value from new development facilitated by new rail infrastructure. Techniques for capturing uplift from existing stock are even more restricted,” Moylan told Landor...

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