I was very interested to read the article in the 05 February issue explaining how land value capture is being used to fund the reopening of the Northumberland line railway (‘Railway reopening breaks new ground for land value capture’ LTT 05 Feb). I hope this project is a success and that many more schemes can be funded through this method.
Whilst this is an innovative method to fund transport infrastructure, I have often thought that a similar mechanism should be considered to...
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