Land Value Capture Tools To Finance Our Urban Future

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.