Township plans to capture value from SkyTrain land boom

With land prices expected to rise, the Township wants to put money into local amenities

Langley Township hopes to pump money from skyrocketing land values around the future SkyTrain line back into community projects such as parks, libraries, and affordable housing.

On Monday, the council passed the first and second reading of a bylaw for a Willowbrook Land Value Capture System.

It is expected that when and if the SkyTrain line is extended to Langley, land in the Township’s nearby Willowbrook area will increase in value immensely.

The proposed policy would attempt to “capture” up to 75 per cent of that land value increase.

The method of recapturing the land value has not yet been determined. The report notes that community amenity contributions (CACs), ongoing taxes, and special assessment districts are among the ways

The bylaw was to have set 2020 as the “base” land value for estimating the 75 per cent of the increase to be recaptured, but council agreed to move that date back to before serious discussion of the SkyTrain line’s route had taken place.

Councillor Kim Richter proposed an earlier date of 2017, while Coun. Eric Woodward suggested the report noted 2018 was mentioned in the staff report to council.

The council unanimously voted to amend the baseline date to 2018, and unanimously approved the first two readings of the bylaw.

Surrey has also been putting similar rules in place to recapture value of the extension. The line will run through Surrey and Langley City on Fraser Highway, but will be close to the boundary with the Township around 64th Avenue in the Willowbrook area.

The TransLink Mayors’ Council has been lobbying the federal government for enough funding to complete the line as far as Langley City.

READ MORE: Surrey-Langley SkyTrain business case to go to mayor’s council next week

LangleyLangley TownshipSkyTrainTransitTransLink

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Family and friends mark birthday of teen who died after being discovered in Langley park

Carson Crimeni suffered an apparent drug overdose, his final moments broadcast on social media

VIDEO: Langley Ukulele Ensemble opens doors for socially distanced kids camp in August

Instructor Peter Luongo said precautions are being taken for the annual uke week, Aug. 24 to 28

VIDEO: Medea Ebrahimian mourned by friends and family

Memorial held for one the of three found dead at a house fire in Langley Meadows last month

LETTER: Police education and reform best solution

Langley man disagrees with defunding law enforcement, but says change is needed

LETTER: Politicians should be held accountable for their decisions

Another letter writer is critical of Langley Township’s handling of the Yorkson community park

QUIZ: A celebration of dogs

These are the dog days of summer. How much do you know about dogs?

First glimpse of Canada’s true COVID-19 infection rate expected mid-July

At least 105,000 Canadians have tested positive for COVID-19 since the coronavirus was identified

Semi and BMW collide on South Surrey highway

At least one person to hospital, both vehicles sustained significant damage

Police ramp up efforts to get impaired drivers off B.C. roads this summer

July is dedicated to the Summer CounterAttack Impaired Driving Campaign

Migrant workers stage multi-city action for full status amid COVID-19 risks

‘COVID-19 has exacerbated an existing crisis’

Okanagan school drops ‘Rebels’ sports team name, citing links with U.S. Civil War

Name and formerly-used images “fly in the face” of the district’s human rights policy, says board chair

PHOTOS: B.C.’s top doc picks up personalized Fluevog shoes, tours mural exhibition

Murals of Gratitude exhibit includes at least one portrait of Henry alongside paintings of health-care workers

In troubled times: Independence Day in a land of confusion

Buffeted by invisible forces and just plain worn out, the United States of America celebrates its 244th birthday

Stop enforcing sex work laws during COVID-19, advocates say

There are provisions in Canada’s prostitution laws that make workers immune from prosecution, but not from arrest

Most Read