George Hazel on Land Value Capture Funding
Everyone agrees we need more sustainable transport but no-one has enough money to pay for it. Could ‘land value capture’ be the answer? This is the approach where by transport lines are funded through the increases in the land value that the stations stimulate. Well, George Hazel thinks so. In fact, he knows so, because he developed the land value capture method used for the recently-reopened Northumberland line. In today’s episode he tells me how it works; but only after a fascinating discussion on the “Seven Deadly Wins” for making a city succeed.