A Strategic Approach to Financing Public Transport Through Property Values |
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| Authors: | Marcus Enoch Stephen Potter Stephen Ison |
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| Affiliation: | Lecturer in Transport Studies the Transport Studies Group, Department of Civil and Building Engineering, Loughborough University.;Professor of Transport Strategy in the Department of Design and Innovation, the Open University, Milton Keynes.;Lecturer in Transport Studies in the Transport Studies Group, Department of Civil and Building Engineering, Loughborough University. |
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| Abstract: | Traditional sources of finance are becoming inadequate to meet the needs of public transport. This has led to the emergence of a number of local earmarked tax and charging mechanisms, in particular road user charges and tolls. This article examines one group of such mechanisms: charges to property owners and developers, and draws on worldwide examples of the practical use of a number of such schemes. There are a number of practical difficulties with capturing value from property owners and developers, and these are detailed with a commentary on best practice. |
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