14-04-2021 16:00 via feedproxy.google.com

Mayor gets extra 10 years to collect Crossrail funding contributions

A technical amendment has been made that will give the Mayor of London an additional 10 years to be able to impose a Crossrail levy on property developers in London.
The Mayor’s Community Infrastructure Levy (MCIL) is imposed on property developers over a certain size to help fund the Crossrail project on the basis that such properties will increase in value when the railway opens.
Although the levy is raised across London, it rises in richer areas, and those closer to the railway.
When th
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