There is, though, another way: a specially created company, Kilbride Community Rail, has been looking at paying for the reopening of lines by being allowed to cash in on the potential profits from local developments that will sell for more if they are on a rail line. That would be genuinely entrepreneurial thinking, something that is sadly lacking in today\’s railway industry, which has many of the failings of the old British Rail – government interference, lack of initiative, poor service – combined with the rapaciousness of profit-maximising private operator companies.
If an old one. Wasn\’t it used to get Canary Wharf to pay for part of the costs of the extention of the Jubilee line?
And isn\’t it simply a variation of land value taxation?