London Councils is calling for the mayor to make changes to the Crossrail planning tariff, over concerns it could jeopardise office development in certain parts of the capital.
Under current plans, the funding agreement for Crossrail requires the mayor, Boris Johnson, to collect £300M in planning contributions from developers in London. The mayor is proposing that this should all come from new office developments in central London and other selected areas.
London Councils believes the current proposals will reduce other developer contributions, which help fund affordable housing and local improvements. It is calling on Johnson to extend the tariff to other developments, such as retail and hotels, which would reduce the amount each development would have to pay.
The mayor has also made a commitment to setting a reduced level of charge to begin with, which has been welcomed by London Councils.
‘However, this could still put developers off building, so it is important that the mayor keeps the impact of the charge on development under review,’ the group said. It has requested that a joint approach to collecting Crossrail contributions between the boroughs and the mayor be put into place.
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