Tom Harwood: Land value capture could fund crossrail east west line in Manchester

Tom Harwood: Land value capture could fund crossrail east west line in Manchester
Land value capture for Manchester rail

Tom Harwood questions how much money could be raised through land value capture around a new HS2 station in Manchester, Manchester Airport, and Crewe.

He suggests this approach may be a more credible method for funding an east west crossrail-type line with many stations, rather than an extension of HS2.

Harwood has previously commented on rising pressures in the housing market, arguing that a scarcity of luxury properties in South London has pushed investment bankers into former working-class homes. In another note earlier this year, he questioned the significance of the UK economic growth upgrade after a prior downgrade. His recent remarks on land value capture add to his ongoing coverage of fiscal and property issues.

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