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

‘Investigate potential of land value capture’

FUNDING

18 January 2019
 

The government should  prepare a discussion paper on  land value capture mechanisms for funding transport, says the Urban Transport Group. 

The UTG identifies four options in a new report championing public transport-oriented development: 

• business rate revaluation, retention and supplements (already practiced) 

• development rights auction model (DRAM) 

• stamp duty and land tax retention

• a land value capture charge, such as a transport...

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