Crossrail 2 may ask nearby home owners to stump up millions for project

Home owners living within a certain radius of Crossrail 2 stations could be
forced to stump up millions to pay for the project.

Transport for London is considering introducing a levy to fund the £30
billion scheme, which will run from Broxbourne in Hertfordshire to Epsom in
Surrey, through central London.

It would create three zones stretching a kilometre around each station.
Each zone, mapped out in concentric circles, would have a scaled charge,
known as the Transport Property Charge, descending with the distance from
the station, according to Estates Gazette.

William Jackson, development consultant for Crossrail 2, said: “Somebody’s
got to pay for this and the people in those zones are going to make an
increase in value on their house. If you benefit from it somehow you should
pay for it.�

TfL is already under financial pressure following the development of
Crossrail, which threatens to go over budget and miss its December 2018
opening date.

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https://www.telegraph.co.uk/news/2018/05/11/crossrail-2-may-ask-nearby-home-owners-stump-millions-project/