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Author Peterson, George E
Title Unlocking Land Values to Finance Urban Infrastructure
Imprint Herndon : World Bank Publications, 2008
book jacket
Descript 1 online resource (150 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note CONTENTS -- FOREWORD -- ACKNOWLEDGMENTS -- ABOUT THE AUTHOR -- ABBREVIATIONS -- OVERVIEW -- 1. INTRODUCTION TO LAND-BASED FINANCING OF URBAN INFRASTRUCTURE -- Subject of the Book -- Land-Based Infrastructure Finance and Public-Private Partnership -- The Risks of Land-Based Financing -- Organization of the Book -- 2. LINKING PRINCIPLES TO LAND-FINANCE INSTRUMENTS: DEVELOPED-COUNTRY EXPERIENCE -- Benefit Capitalization and Value Capture -- Developer Exactions and Impact Fees -- Land Asset Management and Land Sales -- Lessons for Land Asset Management -- 3. LAND-BASED INFRASTRUCTURE FINANCE IN DEVELOPING COUNTRIES -- Developer Investment in Infrastructure: New Cities in Cairo, Egypt -- Betterment Levies: Bogotá and Cali, Colombia -- Value Capture via Land Sale for Major Projects: China and India -- Sale of Development Rights: São Paulo, Brazil -- Developer Exactions and Impact Fees: Santiago, Chile -- 4 BALANCE SHEET ADJUSTMENTS AND LAND ASSET MANAGEMENT -- Converting Municipally Owned Land to Municipal Infrastructure -- Municipal and State Land Sales: Istanbul, Turkey -- Transnet: Sale of the Victoria and Albert Waterfront in South Africa -- Mumbai Metropolitan Regional Development Authority: Bandra-Kurla Complex in Mumbai, India -- Land Auctions at the Urban Fringe: Cairo, Egypt -- Fort Bonifacio Land Sale and Development: Metro Manila, the Philippines -- 5 CONCLUSIONS, RECOMMENDATIONS, AND REFLECTIONS -- Opportunities for Public Policy -- Risks and Limitations to Land Financing -- REFERENCES -- INDEX -- BOX 2.1 New Town Land Financing in Orestad, Denmark -- BOX 2.2 Implementation of Betterment Levies in Poland and in Sydney, Australia -- BOX 2.3 Land Finance and the Reconstruction of Paris -- BOX 2.4 Impact Fee System in Phoenix, Arizona -- BOX 2.5 World Trade Center and Infrastructure Investment, Port Authority of New York and New Jersey
BOX 3.1 Madinaty: Infrastructure Development through Public-Private Partnership in New Cairo, Egypt -- BOX 3.2 Proposed Valorización Program in Cali, Colombia -- TABLE 1 Magnitude of Land Financing in Select Projects of Developing Countries -- TABLE 2 Land-Financing Instruments -- TABLE 1.1 Representative Capital Budget -- TABLE 1.2 Land-Value Gains and Infrastructure Costs in Recife, Brazil -- TABLE 2.1 Composition of Municipal Assets in Dallas, Texas -- TABLE 3.1 Share of Valorización in Municipal Revenues in Bogotá and Cali, Colombia, 1980-90 -- TABLE 3.2 Urban Airport Investment in India -- TABLE 3.3 Rules for the Acquisition and Resale of Public Land in Select Asian Locations -- TABLE 4.1 Importance of Land Assets in Changsha, Hunan Province, China, 2002 -- TABLE 4.2 Public Property Sales in Istanbul, Turkey, 2003-07 -- TABLE 4.3 Summary of the Project to Sell Victoria and Albert Waterfront in South Africa -- TABLE 4.4 Summary of the Bandra-Kurla Complex Project in Mumbai, India -- TABLE 4.5 Land Sales by Mumbai Metropolitan Regional Development Authority at Bandra-Kurla Complex in Mumbai, India -- TABLE 4.6 Summary of the Land Auction Project in Cairo, Egypt -- TABLE 4.7 Summary of the Fort Bonifacio Land Sale and Development in Metro Manila, the Philippines -- TABLE 5.1 Magnitude of Land Financing in Select Projects of Developing Countries -- TABLE 5.2 Land-Financing Instruments
Land-based financing of urban infrastructure is growing in importance in the developing world. Why is it so difficult to finance urban infrastructure investment, when land values typically increase by more than the cost of investment?Unlocking Land Values to Finance Urban Infrastructure examines the theory underlying different instruments of land-based finance, such as betterment levies, developer exactions, impact fees, and the exchange of publicly owned land assets for infrastructure. It provides a wealth of case-study illustrations of how different land-based financing tools have been implemented, and the lessons learned from these experiences. This practical guide is designed to help expand the role of land-based financing in urban capital budgets in a way that strengthens urban infrastructure finance and urban land markets
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Peterson, George E. Unlocking Land Values to Finance Urban Infrastructure Herndon : World Bank Publications,c2008 9780821377093
Subject Infrastructure (Economics) -- Finance.;Public land sales.;Land use, Urban
Electronic books
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