Mayor plans to boost payment of development charge to 30% as consultation launched
The London mayor has extracted only 20% of the Crossrail levy due from developers since introducing the development charge at the beginning of the year.
A spokesman for Boris Johnson said that he was hoping to increase that to 30% of the 拢213.30/m2 tax on office developments within London's central activity zone (CAZ).
鈥淲e're looking for up to 30% these difficult times,鈥� he said.
The news came as the mayor launched the public consultation into the section 106 tax intended to raise 拢300m towards the cross-London transport scheme.
In it the mayor said he would consider the 鈥渧iability鈥� of schemes when seeking a contribution; consider asking for new office developments in central London and the Isle of Dogs to contribute; and lobby transport minister Geoff Hoon to shake down developers outside London who would benefit from the transit line.
The spokesman said the changes proved the mayor was 鈥渓istening鈥� to the development community.
鈥淲e will [continue to negotiate] with developers once the plans are in and if they show us that the development is not viable we will look at figures and continue to take a pragmatic approach,鈥� he said.
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