Renewing Cities with Value Capture Planning
Renewing Cities with Value Capture Planning

Author: Raymond Rauscher

Publisher: Springer Nature

Published: 2021-01-11

Total Pages: 197

ISBN-13: 3030629589

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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.

Implementing Value Capture in Latin America
Implementing Value Capture in Latin America

Author: Martim Oscar Smolka

Publisher: Lincoln Inst of Land Policy

Published: 2013

Total Pages: 68

ISBN-13: 9781558442849

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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

Creating Livable Asian Cities
Creating Livable Asian Cities

Author: Bambang Susantono

Publisher: Asian Development Bank

Published: 2021-04-01

Total Pages: 588

ISBN-13: 929262783X

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This book explores how Asia's fast-growing cities can fulfil their potential as engines of economic prosperity and provide a livable environment for all citizens. But for this to happen, major challenges that reduce urban communities' quality of life and economic opportunities must be addressed. These include poor planning, a lack of affordable housing, inequalities, pollution, climate vulnerabilities, and urban infrastructure deficits. The book's 19 articles unwrap these challenges and present solutions focused on smart and inclusive planning, sustainable transport and energy, innovative financing, and resilience and rejuvenation.

Real Estate and GIS
Real Estate and GIS

Author: Richard Reed

Publisher: Routledge

Published: 2018-07-17

Total Pages: 294

ISBN-13: 1317284046

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Real Estate and GIS focuses on the application of geographic information systems (GIS) and mapping technologies in the expanding property and real estate discipline. Whilst a thorough understanding of location is understood to be fundamental to the property discipline, real estate professionals and students have yet to harness the full potential of spatial analysis and mapping in their work. This book demonstrates the crucial role that technological advances can play in collecting, organising and analysing large volumes of real estate data in order to improve decision-making. International case studies, chapter summaries and discussion questions make this book the perfect textbook for property and applied GIS courses. Property and real estate professionals including surveyors, valuers, property developers, urban economists and financial analysts will also find this book an invaluable guide to the understanding and application of GIS technology within a real estate industry context.

Smart Cities and the Poor
Smart Cities and the Poor

Author: Alok Mishra

Publisher: Taylor & Francis

Published: 2023-10-20

Total Pages: 289

ISBN-13: 1000985792

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Developing countries worldwide have been embarking on ‘smart cities’ programmes using new technology solutions to improve public services. Faced with severe problems of digital divide, poverty, unemployment, inequality, and financial and social exclusion, these cities have to negotiate hard in order to reach their goals. This book examines urban governance, digital divide, poverty, unemployment, and financial and social exclusion and presents a theoretical perspective on inclusive cities, urbanization, migration, slums,and affordable housing. The book aims at formulating and implementing an agenda for inclusive, equitable, and sustainable urban development in tune with the UN-SDGs, the New Urban Agenda of Habitat III, and India’s new national urban missions. It probes into the scope of adopting inclusionary urban planning, zoning, and housing, financing inclusive city development, and poverty alleviation through municipal finance reforms using findings and lessons from detailed field studies of Indian cities. It also suggests an agenda for slum-free and poverty-free cities in an attempt to make these cities more people-focused, humane, and inclusionary. This book will be of interest to scholars and researchers of political science, policy studies, public administration, urban studies, urban planning and management, urban sociology, and geography, besides being of interest to policy researchers, community workers, grass roots researchers, policymakers, and sociologists.

Urban Renewal in Central Seoul
Urban Renewal in Central Seoul

Author: Hyung Min Kim

Publisher: Taylor & Francis

Published: 2024-07-05

Total Pages: 179

ISBN-13: 1040092349

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Kim details a brief history of urban renewal in central Seoul through articulating urban planning paradigm shifts. This book illustrates four main themes in central Seoul: the restoration of the Cheonggye stream, the redevelopment of the Sewoon Plaza, the enhancement of walkability and public transport networks, and history- centred urban renewal. Urban renewal is seen as a remedy for urban sprawl and is appreciated for its capacity to make use of pre-existing infrastructure and cultural assets in high- density urban areas. However, it faces critical challenges, such as fragmented property ownership and escalated land prices in comparison with peri- urban areas. The book focuses on how planning policies have shaped the urban renewal process in central Seoul, South Korea. Spatial development policies for central Seoul have been changed from modern transport facilities, post- war reconstruction, informality, industrialisation to walkability, sustainability, and social cohesion in line with economic restructuring. In recent times, there has been a significant change in thinking towards creating public spaces for walking, preserving historical sites and heritage, and maintaining green spaces. These interconnected topics contribute to understanding the complexity of urban renewal. This book is a useful read for researchers on urban planning and policies who are keen to understand the complicated process of urban renewal and ways to revitalise economic and human activities and transform built environments.

Australian Urban Policy
Australian Urban Policy

Author: Robert Freestone

Publisher: ANU Press

Published: 2024-03-19

Total Pages: 512

ISBN-13: 1760466301

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Urban Australia confronts numerous challenges in the 21st century: climate change, housing, transport, greenspace, social inequality, and governance, among them. While state and local governments wrestle with these issues, they are continent wide and require national leadership, direction and participation. As a highly urbanised country without a national approach to urban policy, Australia is an outlier. Contributors to this book argue that this policy gap needs to be addressed. They ask: How have productive, sustainable and liveable cities so far been enhanced? Where have aspirations fallen short or produced negative outcomes? And what approaches are emerging to challenge existing and devise new urban policy settings? In the face of ongoing crises and escalating change, the need for policy to quickly transform urban Australia is daunting. Problems, wicked in their complexity, require innovative, ethical solutions. This book offers new ideas that challenge policy orthodoxy.

Innovation in Public Transport Finance
Innovation in Public Transport Finance

Author: Shishir Mathur

Publisher: Routledge

Published: 2016-05-23

Total Pages: 229

ISBN-13: 1317116445

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With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.

OECD Regional Development Studies Global Compendium of Land Value Capture Policies
OECD Regional Development Studies Global Compendium of Land Value Capture Policies

Author: OECD

Publisher: OECD Publishing

Published: 2022-06-21

Total Pages: 253

ISBN-13: 9264690883

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The Global Compendium of Land Value Capture, a joint project by the OECD and the Lincoln Institute of Land Policy, is an ambitious undertaking to understand the full landscape of land value capture (LVC) instruments, how they are configured and deployed across the globe in OECD and Non-OECD countries, and what it would take to unleash their full potential as a sustainable revenue source.

The Hidden Wealth of Cities
The Hidden Wealth of Cities

Author: Jon Kher Kaw

Publisher: World Bank Publications

Published: 2020-02-13

Total Pages: 546

ISBN-13: 1464814937

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In every city, the urban spaces that form the public realm—ranging from city streets, neighborhood squares, and parks to public facilities such as libraries and markets—account for about one-third of the city’s total land area, on average. Despite this significance, the potential for these public-space assets—typically owned and managed by local governments—to transform urban life and city functioning is often overlooked for many reasons: other pressing city priorities arising from rapid urbanization, poor urban planning, and financial constraints. The resulting degradation of public spaces into congested, vehicle-centric, and polluted places often becomes a liability, creating a downward spiral that leads to a continuous drain on public resources and exacerbating various city problems. In contrast, the cities that invest in the creation of human-centered, environmentally sustainable, economically vibrant, and socially inclusive places—in partnership with government entities, communities, and other private stakeholders—perform better. They implement smart and sustainable strategies across their public space asset life cycles to yield returns on investment far exceeding monetary costs, ultimately enhancing city livability, resilience, and competitiveness. The Hidden Wealth of Cities: Creating, Financing, and Managing Public Spaces discusses the complexities that surround the creation and management of successful public spaces and draws on the analyses and experiences from city case studies from around the globe. This book identifies—through the lens of asset management—a rich palette of creative and innovative strategies that every city can undertake to plan, finance, and manage both government-owned and privately owned public spaces.