[PDF] Public Value Capture Of Increasing Property Values Across Europe eBook
Public Value Capture Of Increasing Property Values Across Europe Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Public Value Capture Of Increasing Property Values Across Europe book. This book definitely worth reading, it is an incredibly well-written.
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.
"Attention to value capture as a source of public revenue has been increasing in the United States and internationally as some governments experience declines in revenue from traditional sources and others face rapid urban population growth and require large investments in public infrastructure. Privately funded improvements by land-owners can increase the value of their land and property. Public actions, such as investments in infrastructure, the provision of public services, and planning and land use regulation, can also affect the value of land and property. Value capture is a means to realize as public revenue some portion of that increase in value through various revenue-raising instruments. This book, based on the Lincoln Institute of Land Policy's sixth annual land policy conference in May 2011, examines the concept of value capture, its forms, and applications. The first section, on the conceptual framework and history of value capture, reviews its relationship to compensation for partial takings; the long history of value capture policies in Britain and France; and the remarkable expansion of tax increment financing in California. The second section reviews the application of particular instruments of value capture, including the conversion of rural to urban land in China, town planning schemes in India, and community benefit agreements. The third section focuses on ends instead of means and examines the use of value capture by community land trusts to provide affordable housing, the use of land development to finance transit, and the use of various fees to fund airports. The final section explores potential extensions of value capture mechanisms to tax-exempt nonprofits and to the management of state trust lands in the United States."--Publisher's website.
This book presents concise summaries of cutting-edge research and practical applications across the fields of physical, environmental, and human geography. It publishes compact refereed monographs under the editorial supervision of an international advisory board with the aim to publish 8 to 12 weeks after acceptance. Volumes are compact, 50 to 125 pages, with a clear focus. The series covers a range of content from professional to academic such as timely reports of state-of-the art analytical techniques, bridges between new research results, snapshots of hot and/or emerging topics, elaborated thesis, literature reviews, and in-depth case studies. The scope of the series spans the entire field of geography, with a view to significantly advance research. The character of the series is international and multidisciplinary and includes research areas such as GIS/cartography, remote sensing, geographical education, geospatial analysis, techniques and modeling, landscape/regional and urban planning, economic geography, housing and the built environment, and quantitative geography. Volumes in this series may analyze past, present, and/or future trends, as well as their determinants and consequences. Both solicited and unsolicited manuscripts are considered for publication in this series. This book is of interest to a wide range of individuals with interests in physical, environmental, and human geography as well as for researchers from allied disciplines.
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.
Spatial Planning, Land Use Planning, Land Management Instruments, Urban Land Management, Urban Planning, Cadastral Development, Sustainable Mobility Transition, Public Value Capture, Geoinformatics This new volume of European Academy of Land Use and Development (EALD) contains broad view and interdisciplinary peer reviewed articles that inform the reader of most recent scientific investigations in Land Management. The spectrum of contributions cover: regulations, governance and implementation of land management along with assessment of relevant data. Some of the key highlights include various scientific and practical approaches, applied methods and systems together with a discussion and understanding of the government’s role in various European countries. Committed to sustainability, the articles entailed give evidence to Europe as an experimental ground for land management issues as well as allows for collaboration in pursuit of best practices.
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
The paper reviews the notion of Land Value Capture (LVC), its advantages and disadvantages and relevance to for urban growth management. LVC encompasses a wide range of mechanisms, applied in very diverse contexts to monetize 'windfall' gains, accruing to landowners because of growth, infrastructure or place-making projects. Despite widespread conviction that a proportion of these 'unearned increments' should somehow be harvested for the wider public good, contention, legal and pragmatic challenges remain. As policy makers confront population pressures, transport needs and inequality, LVC can help bridge infrastructure funding gaps, accelerate housing provision and temper polarization. Betterment taxes, Tax Increment Finance (TIF) or participatory instruments like land readjustment can target 'planning gains' capitalized into land and property values near stations, historic monuments or upgraded precincts. As well as flagging instrument diversity and variable contexts, the literature suggests LVC mechanisms work best in a joined-up policy context. Ironically, spatial LVC schemes like TIF are most likely to fail when the regeneration need is most acute. In America, inadequate governance, scrutiny or auditing undermined schemes to fund transport or improve the public realm. In Europe LVC exists in a variety of modalities but three European examples, suggests it remains underutilized. London megaprojects, UK regional housing schemes and French sprawl, illustrate that policy makers have yet to adequately capture unearned increments.
The book covers the topic of the role of public sector in the economic and territorial development across several dimensions of spatial planning, e.g. theoretical-methodological (planning cultures, leadership), executive (regional policies, services of general interest), sectoral (energy, tourism, air-quality) or social (social innovation, preservation of cultural heritage). The book delivers up-to date knowledge build on interactions between representatives of different stakeholders of economic and territorial development with the research represented by renowned experts and academicians. This is mirrored in the content of the book, delivering in a consistent form the conceptual explanations combined with the examples of the role of the public sector in fostering the local economies within the frame of spatial planning. The book reflects and transfers the expert knowledge which has been generated during more than a decade of scientific and research activities of Spa-ce.net. Presents a comprehensive view on different aspects of the involvement of public sector in the local and regional spatial development; Includes a combination of macro-regionally specific perspectives with the generalized knowledge; Provides knowledge from various researchers from prestigious European scientific and research teams.
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.