Local taxes and rising land values could help fund Bristol’s new underground network, according to two major new studies.
Land along the four proposed underground routes is expected to shoot up in value, if and when the long-planned mass transit system is finally built. Better public transport links would mean property developers building more housing in nearby areas, the studies said.
Consultants working for Bristol City Council said an underground could boost the region’s economy up to a level on par with London and the south-east. But it’s unclear exactly how rising land values would help fund the multi-billion pound project, as only few details were published.
