A REVIEW: EXPLORING THE PRACTICES AND CHALLENGES OF IMPLEMENTING LAND VALUE CAPTURE IN THE GLOBAL SOUTH

Maeng, Juyeon

A REVIEW: EXPLORING THE PRACTICES AND CHALLENGES OF IMPLEMENTING LAND VALUE CAPTURE IN THE GLOBAL SOUTH

Abstract

Municipal governments in the global south are faced with a shortfall of municipal resources as cities experience rapid urbanization. Cities are experiencing rising urban populations, as well as an expansion of the urban footprint, both of which increase the demand for infrastructure and services. Urban planners and policymakers are increasingly looking at land value capture (LVC) as a tool to generate revenue for infrastructure provision. It can recover the costs of development and/or redistribute the development increments to the wider community. At the same time, it can finance the unintended adverse impact of change in land use and infrastructure delivery and promote social equity. While this approach has been successful in some cases in the global north and south, there are also obstacles to its implementation faced by others. This study will explore multifaceted tensions that underlie LVC implementation, with a focus on (i) imperfect valuation and (ii) conflict between private property rights and wider public goals, (iii) economic goal versus equity goal.

Date Issued

2023-08-25

Keywords

Land Value Capture, Land Readjustment, Land Lease, Sale of development rights, Global South

Rights

Attribution-NonCommercial-NoDerivatives 4.0 International

Rights URI

http://creativecommons.org/licenses/by-nc-nd/4.0/

Types

report

Accessibility Hazard

none