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05 October 2010

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Ben Harrison

I share some of your scepticism Dermot - primarily because of the likely cost. Over and above the cost to the Government, it's my understanding that local areas will need to generate significant funds themselves to fund the development of stations in their areas.

On the other hand, perhaps it provides an opportunity for local areas to deploy their new TIF powers...

Richard Houghton

The business and environmental case for HS2 is fatally flawed - see link below - but deals around the cancellation of Heathrow's 3rd runway mean it is being pushed through. Wider economic benefits and projected numbers are laughable.

http://www.hs2actionalliance.org/HS2businesscase.php

Andrew Yeomans

Relive congestion? What about the extra load that HS2 would put on the London transport system? The Victoria is already over-full at peak times in Euston, and the Northern line not much better.

Dermot Finch

Fair point, Andrew - although my point on congestion was aimed at road and rail routes outside London.

And thanks Richard for the link to the Six Myths about HS2

http://www.hs2actionalliance.org/powercms//files/cms_files/myth%20summary-2%281%29.pdf

Ben - HS2 would definitely be a massive opportunity to deploy tax increment financing. If only TIF had been around when the Jubilee Line was built in the late 90s.

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