A Strategic Approach to Financing Public Transport Through Property Values

Marcus Enoch, Stephen Potter and Stephen Ison

Public Money & Management, 2005, vol. 25, issue 3, 147-154

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.

Date: 2005
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DOI: 10.1111/j.1467-9302.2005.00467.x

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