Resource type:
Business
EU project stamp:
No
Link to knowledge resource
Main entity:
Lincoln Institute of land policy
Type of entity:
Research centre/University
Funding:
N/A
Key themes:
Business
Cities
Finance
Urban
Societal challenges:
Green Space Management
Place Regeneration & Knowledge
Social Capacity Building for Sustainable Urban Transformation
Scope:
Global
Description:
In an era of tight budgets and exploding need, cities around the world are funding infrastructure and other public improvements through “land value capture.” This policy approach offers an array of public finance instruments and initiatives that enable communities to recover and reinvest land value increases resulting from public investment and other government actions. Notably, as new subway lines, roads, and other public works raise the value of nearby land and real estate, developers and property owners share that publicly generated windfall to help local governments pay for new bridges, transit, parks, affordable housing, and other infrastructure upgrades.
Language:
EN
