Public Infrastructure, Private Finance: Developer Obligations and Responsibilities

ISBN-13: 9781032475622 / Angielski / Miękka / 2023 / 270 str.

Demetrio Mu?oz Gielen; Erwin Van Der Krabben

Opis

Traditionally, the public sector has been responsible for the provision of all public goods necessary to support sustainable urban development, including public infrastructure such as roads, parks, social facilities, climate mitigation and adaptation, and affordable housing. With the shift in recent years towards public infrastructure being financed by private stakeholders, the demand for transparent guidance to ensure accountability for the responsibilities held by developers has risen.　

Within planning practice and urban development, the shift towards private financing of public infrastructure has translated into new tools being implemented to provide joint responsibility for upholding requirements. Developer obligations are contributions made by property developers and landowners towards public infrastructure in exchange for decisions on land-use regulations which increase the economic value of their land. This book presents insight into the design and practical results of these obligations in different countries and their effects on municipal financial health, demonstrating the increasing importance of efficient bargaining processes and the institutional design of developer obligations in modern urban planning.

Primarily written for academics in land-use planning, real estate, urban development, law, and economics, it will additionally be useful to policy makers and practitioners pursuing the improvement of public infrastructure financing.

Spis treści

Introduction 1 Development obligations in Canada: the experience in four provinces 2 Developer obligations in the US  3 Developers’ obligations as a land value capture tool: practice and lessons from Colombia  4 Charging building rights as non-negotiable developer obligations: the case of Brazil 5 The progressive acceptance of developer obligations in Chile, 1990–2017 6 Poland: ban on conditioning the land-use plan to developer obligations diminishes their effectiveness 7 The Netherlands: developer obligations towards cost recovery 8 The influence of politicization on the implementation of developer obligations in a federalist country: evidence from Switzerland 9 Developer obligations for public services: the Italian mix 10 Spain: developer obligations and land readjustment 11 Developers’ obligations in Portugal: the imperfect equation for value capture  12 Use of Negotiable Developer Obligations (NDOs) in urban planning and land development systems in Turkey  13 Infrastructure contributions and negotiable developer obligations in China 14 A proposed framework of developer obligations to unleash land supply in Hong Kong: land readjustment 15 Value capture from development gains towards public utility: the case of Seoul, Republic of Korea 16 Developer obligations in relation to land value capture in Taiwan  17 Indonesian experience with non-negotiable and negotiable developer obligations: case study of Surabaya City  18 Developer obligations under the New South Wales, Australia, planning system Conclusions  Index  Institutions Cases

O autorze

Demetrio Muñoz Gielen (ORCID: http://orcid.org/0000-0001-6863-2336) is Lecturer of Land Policies at two universities: the Institute of Housing and Urban Development Studies (IHS) at the Erasmus University of Rotterdam, and also at the Radboud University, both in the Netherlands. He combines his lectureship and research position with a position as public officer at the Dutch Municipality of Purmerend. He does research on, and is involved in the design, implementation and evaluation of land policies and land-based finance in urban development.

Erwin van der Krabben is Professor of Urban Panning at Radboud University (the Netherlands), and Honorary Professor of Planning and Real Estate at Hong Kong University, Faculty of Architecture. His research focuses on the interrelationships between urban planning and land and real estate markets and includes work on land policy and value capture, financial aspects of urban management and decision-making processes.