A strategic approach to financing public transport through property values [Published title: Recapturing value from property owners and developers to finance public transport: a review of possible mechanisms]
2008-05-08T13:43:24Z (GMT) by
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.