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Land value capture

From Appropedia
Revision as of 02:05, 13 March 2014 by PatSunter (talk | contribs) (Interwiki links: - link to TransitWiki page)

Land value capture (LVC) refers to an urban planning approach that aims to support paying for improved public infrastructure in an area by at least partially recouping the increment in land values in the area resulting from the improved infrastructure.

For example, LVC has been used to fund improvements to Public transport networks, especially heavy rail, in cities such as London, in the United Kingdom.

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