Capturing Value Increase in Urban Redevelopment

Capturing Value Increase in Urban Redevelopment PDF Author: Demetrio Muñoz Gielen
Publisher: Sidestone Press
ISBN: 9088900590
Category : Architecture
Languages : en
Pages : 508

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Book Description
Everyone would agree that urban development, especially when involving the building of residential areas, should be accompanied by sufficient and good public infrastructure and facilities. We all want neighbourhoods with the necessary roads, green areas, social facilities, affordable housing and public spaces of high quality. At the same time, nowadays, governments are facing severe cuts in public expenditure. So who is going to pay for all that quality? In the Netherlands and in many other countries, achieving these public goals has become a problem, especially in the regeneration of deteriorated inner-city sites. This book offers insight in how the economic value increase that arises from urban development can serve to finance the quality we want, without the need for public subsidies. The findings and recommendations made in this book focus on Western Europe, mainly on successful and alternatively less successful recent experiences in Spain, England and the Netherlands. Public bodies can use the recommendations to create the necessary conditions to improve the involvement of property developers and landowners in the financing of infrastructure and facilities. Property developers and landowners can find formulas for private-public partnership that can lead to lower development costs and risks, allowing them to pay for good infrastructure and facilities while maintaining profitability. Scholars will find here the theoretical backgrounds for this relevant topic. The author has both an academic and a professional background in the practice of urban development.

Implementing Value Capture in Latin America

Implementing Value Capture in Latin America PDF Author: Martim Oscar Smolka
Publisher: Lincoln Inst of Land Policy
ISBN: 9781558442849
Category : Business & Economics
Languages : en
Pages : 68

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Book Description
The report examines a variety of specific instruments and applications in municipalities throughout the region under three categories: property taxation and betterment contributions; exactions and other direct negotiations for charges for building rights or the transfer of development rights; and large-scale approaches such as development of public land through privatization or acquisition, land readjustment, and public auctions of bonds for purchasing building rights. It concludes with a summary of lessons learned and recommends steps that can be taken in three spheres: Learn from Implementation Experiences Increase Knowledge about Theory and Practice Promote Greater Public Understanding and Participation

Public Value Capture of Increasing Property Values across Europe

Public Value Capture of Increasing Property Values across Europe PDF Author: Jean-Marie Halleux
Publisher: vdf Hochschulverlag AG
ISBN: 3728141461
Category : Architecture
Languages : en
Pages : 288

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Book Description
Land Value Capture, Value Increase, Capital Gain, Land-Use Planning, Taxation, Development, Investment Public value capture is an essential phenomenon to improve the refinancing of public infrastructure and secure the necessary budget for other important duties like education, health and social care. For this reason, smart tools are needed for a successful implementation. This book provides an overview and discussion of instruments and practices in 29 European countries.

Renewing Cities with Value Capture Planning

Renewing Cities with Value Capture Planning PDF Author: Raymond Rauscher
Publisher: Springer Nature
ISBN: 3030629589
Category : Science
Languages : en
Pages : 197

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Book Description
The book offers a model for city development and renewal based on land value capture (called ‘value capture’). Firstly, a review is presented of cities around the world that are currently using value capture. From these city examples the author shows how any state, city or regional government can adopt value capture policies. Looking at recent events the author reviews the implications of the coronavirus pandemic (2020) for future planning (including value capture) of cities and regions (particularly noting healthy cities planning). The development of a value capture planning (VCP) model is then outlined. The basis of the model is reflected in its planning components, being: Housing (affordable, social and market housing); Public and Open Spaces (natural areas, open spaces and public spaces); and, Sustainable Transport (rail, bus, and active transport). The VCP model is devised to provide an economic and planning tool that can be utilised in addressing each of these planning components. This tool includes data entry tables and explanations of how these tables are applied. Four case study cities (within Australia) currently undergoing renewal are selected for the model to be applied to. The areas were chosen to represent contrasting urban settings and types of development and renewal, including: inner city, middle ring city; growth centre city; and, regional capital city. The current (2020) active renewal programs within these areas include (city in brackets): Central to Eveleigh Renewal Area (CERA) (City of Sydney); Sydenham to Bankstown Urban Renewal Corridor (SBURC) (Canterbury Bankstown City); Gosford City Centre Revitalisation (GCCR) area (Gosford City); and, Newcastle City Renewal Area (NCRA) (Newcastle City). The reader is walked through (graphically) the backgrounds of these case study cities, including geography, development trends and details of renewal plans. Conclusions on the VCP model application are outlined for each study area (within that chapter) and for the cumulative results across all study areas (final chapter). With these conclusions, the application of the model to any city or region anywhere in the world is outlined. Finally, on a practical level the reader would be interested in how value capture is administered through programs (including the roles of government, developers and the community). Summing up, the book offers the reader an understanding of current city planning and the tools (like value capture) that will be required for future planning.

Financing Transit-Oriented Development with Land Values

Financing Transit-Oriented Development with Land Values PDF Author: Hiroaki Suzuki
Publisher: World Bank Publications
ISBN: 1464801509
Category : Business & Economics
Languages : en
Pages : 264

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Book Description
This book provides cities with strategies and methodologies for applying land value capture financing schemes for capital-intensive transit and transit-related investments, based on the successful experiences of Mass Transit Railway Corporation in Hong Kong SAR, China, and Japanese railway companies in Tokyo metropolitan areas.

The World: 300 Years of Urbanization Expansion

The World: 300 Years of Urbanization Expansion PDF Author: Pengfei Ni
Publisher: Springer Nature
ISBN: 9819935539
Category : Business & Economics
Languages : en
Pages : 495

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Book Description
This book was jointly launched by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences and UN-HABITAT. It uses the indicator system and objective data to evaluate the competitiveness of 1006 cities in the world and measures the overall development pattern of global punishment and competitiveness. The important theoretical and practical issues in the development of global cities are discussed. The book looks at the world from the perspective of cities and believes that the world will be fully urbanized in the 300 years from 1750 to 2050. The book points out the challenges faced by global municipal financing and systematically summarizes the experience and methods of municipal financing and concludes that the average competitiveness of global cities declined slightly due to the decline of the average competitiveness of cities in China, the USA and Europe. In addition, this book also launched the new global urban classification standard of the Institute of Finance and Strategy of the Chinese Academy of Social Sciences and the United Nations Human Settlements Programme for the first time and rated 1006 cities in the world.

Private Sector-Led Urban Development Projects

Private Sector-Led Urban Development Projects PDF Author: Erwin Heurkens
Publisher: TU Delft
ISBN: 1479198994
Category : Architecture
Languages : en
Pages : 485

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Book Description
Central to 'Private Sector-led Urban Development Projects' lays the concept of private sector-led urban development projects. Such projects involve project developers taking a leading role and local authorities adopting a facilitating role, in managing the development of an urban area, based on a clear public-private role division. Such a development strategy is quite common in Anglo-Saxon urban development practices, but is less known in Continental European practices.Nonetheless, since the beginning of the millennium such a development strategy also occurred in the Netherlands in the form of 'concessions'. However, remarkably little empirical knowledge is available about how public and private actors collaborate on and manage private sector-led urban development projects. Moreover, it remains unclear what the effects of such projects are. This dissertation provides an understanding of the various characteristics of private sector-led urban development projects by conducting empirical case study research in the institutional contexts of the Netherlands and the UK. The book provides an answer to the following question:What can we learn from private sector-led urban development projects in the Netherlands and UK in terms of the collaborative and managerial roles of public and private actors, and the effects of their (inter)actions?

Opportunities and Constraints of Land Management in Local and Regional Development

Opportunities and Constraints of Land Management in Local and Regional Development PDF Author: Erwin Hepperle
Publisher: vdf Hochschulverlag AG
ISBN: 3728139270
Category :
Languages : en
Pages : 272

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Book Description
Land Management is normally embedded in a complex legal context, which frequently consists of contradictory objectives, such as: strengthening of rural areas, satisfying the need for affordable living and commercial space, protecting environment and health, supporting transport infrastructure development, and preserving the landscape. Land management can be understood as a process that comprises coordination of such activities while managing the use and the development of land resources. It can be counstrained by the land use specifications resulting from spatial planning process. Along with this, the legal framework often contains generally formulated concepts and open standards, which provide a range of opportunities for realization while balancing the different interests. In this process it is important if and how both constraints and opportunities are recognised by the actors. In this volume this topic is examined from various aspects: first the problems in promoting mutual understanding between researchers and the general public, but also among scientists of different disciplines; second the success requirements of land management instruments as well as unfortunate experience caused by land use changes; third covering land management costs by absorbing value increase and other trade off aspects; and fourth supporting land management by providing geodata with low-cost methods.

Public Infrastructure, Private Finance

Public Infrastructure, Private Finance PDF Author: Demetrio Muñoz Gielen
Publisher: Routledge
ISBN: 1351129147
Category : Architecture
Languages : en
Pages : 258

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Book Description
Traditionally, the public sector has been responsible for the provision of all public goods necessary to support sustainable urban development, including public infrastructure such as roads, parks, social facilities, climate mitigation and adaptation, and affordable housing. With the shift in recent years towards public infrastructure being financed by private stakeholders, the demand for transparent guidance to ensure accountability for the responsibilities held by developers has risen. Within planning practice and urban development, the shift towards private financing of public infrastructure has translated into new tools being implemented to provide joint responsibility for upholding requirements. Developer obligations are contributions made by property developers and landowners towards public infrastructure in exchange for decisions on land-use regulations which increase the economic value of their land. This book presents insight into the design and practical results of these obligations in different countries and their effects on municipal financial health, demonstrating the increasing importance of efficient bargaining processes and the institutional design of developer obligations in modern urban planning. Primarily written for academics in land-use planning, real estate, urban development, law, and economics, it will additionally be useful to policy makers and practitioners pursuing the improvement of public infrastructure financing.

The Governance of Land Use in the Netherlands The Case of Amsterdam

The Governance of Land Use in the Netherlands The Case of Amsterdam PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264274642
Category :
Languages : en
Pages : 168

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Book Description
This study examines the social, economic and environmental conditions affecting the spatial development of Amsterdam and its metropolitan area, as well as the plans, policies and institutions that govern how land is used.