Rail improvements to be funded by LVT
The branch line to Swanage, now run as a working museum and cut off from the main system in 1972, is to be re-connected
to the national rail network, allowing regular services from places such as Bournemouth. Network Rail gave a consortium of local councils, rail and tourism
groups until the end of July to come up with £3m to fund signalling
improvements to allow regular trains to run. Dorset and Purbeck councils found the money with just hours to spare –
it will come partly from a tax on future developments in the area.
This is of course a far cry from LVT but at least recognises the principal that land values can be used to pay for infrastructure. Now just imagine what we could have if there was a proper system of LVT in place.