Capturing Value Increase in Urban Redevelopment: A Study of how the Economic Value Increase in Urban Redevelopment Can be Used to Finance the Necessary Public Infrastructure and Other FacilitiesEveryone 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. |
Common terms and phrases
accounted land costs actors affordable housing Alicante approval Ayuntamiento Benalúa bijdragen binding rules building rights capturing of value capturing value increase certainty about future contribuciones deadlines dependence Development Agreement Development contributions plan development costs development processes documents Dutch England expropriation formal rules relevant Funen future building possibilities gemeenten grond grondeigenaren Harbourside implementation infrastructure and facilities infrastructure provision costs initial profit interview Kop van Oost Kruidenbuurt kunnen land development land use plan land-use landowners legally binding Megabowl ment modification municipality negotiation position Netherlands niet off-site ofValencia ontwikkelaars option to wait owners Periodista Physical Planning Act plan area planning law planning permission plusvalías policy network Preparatory research question procedure property rights propietarios public bodies public infrastructure públicas redevelopment relevant to zoning ruimtelijke social housing social/affordable housing Stationskwartier sub-variables suelo Temple Quay tion urban regeneration urbanística urbanización urbanizing agent Valencia value capturing Vrom Zevenhuizen zijn zoning plans