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u/Background-Rice-7813

r/transit r/WienMobil r/TransportForLondon r/urbanplanning
The case for land value capture with the Elizabeth Line
▲ 74 r/TransportForLondon+1 crossposts

The case for land value capture with the Elizabeth Line

London's Elizabeth Line is no doubt a success.

However, I believe it was a missed opportunity in the case of better utilizing land value capture to secure more of its funding. While it did use tools like Business Rate Supplement (tax on Greater London businesses), Developer Contributions, and Mayoral CIL (tax on new development), it actually only captured a small portion of the massive property value increase generated by the new line. I argue that these developers and businesses should've contributed more to the line that gain them those profits.

If done right, it could potentially help future transit projects, like CrossRail 2 fund itself without relying on government funding.

I discussed these missed opportunities in a video I made: https://youtu.be/LV4ZktgtFvQ

u/Background-Rice-7813 — 2 days ago
▲ 67 r/urbanplanning+2 crossposts

[Discussion] Is Vienna’s Transit Success Really Because of the Euro-Per-Day Ticket?

Vienna has often been praised for its Euro-per-day ticket, which was raised at the start of this year.

I have been doing research and diving into the story behind this policy, and have some interesting findings:

  1. While Vienna has a high transit ridership and mode share today, it was more than just the €365 annual ticket that pulled it off. The mode share was already high prior to 2012 (when the annual ticket was lowered to €365).

  2. The system was already world class, plus the implementation of parking management fees got drivers onto trains and buses. The lower transit ticket was more of a final pull.

  3. The euro-per-day ticket made transit affordable, but it also was a financial gamble for Wien Linien. The city increased the parking fee and employer tax to fund it, and later settled an agreement to ensure stable funding. But the city later had to deal with the U2/U5 interchange project being overdue and over-budget. Plus, with inflation during COVID, Wien Linien had no choice but to raise the fare to reduce the burden.

  4. To be clear, I believe transit should be affordable. But other cities often only see the low fares and copy them, while missing out on the other good stuff Vienna has done that led to its success.

Tell me what you think below! And btw, I made a quick video about Vienna’s euro-per-day ticket policy: https://youtu.be/upxvmqB2VX8?is=t3_N_R0JtzGImT3J

u/Background-Rice-7813 — 14 days ago