Land Value Capture: Innovative Financing for Urban Rail
By: Ishita Aryan
.
Publisher: New Delhi Institute of Town Planners 2021Edition: Vol.18(2), April-June.Description: 81-86p.Subject(s): URBAN PLANNING AND DESIGN (AR-UPD)Online resources: Click here
In:
ITPI journalSummary: The Land Value Capture finance is rapidly acquiring global legitimacy as an ancillary
and innovative source of funding for expensive urban transport projects. The economic
impacts of public transit investments on surrounding properties make a strong case for
transit value capture finance in emerging cities. However, Development Based Land Value
Capture type mechanisms have unique advantages over Taxation Based Land Value Capture
type mechanisms and vice versa. It is critical that city leaders and transit executives
consider the unique advantages of the two types of LVC to ascertain which best fits their
local context and funding objectives. The author suggest that alternatively, DBLVC and
TBLVC mechanisms can be consolidated to meet a funding objective, while leveraging the
strengths of each type.
| Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|
Articles Abstract Database
|
School of Architecture Archieval Section | Not for loan | 2021-2022308 |
The Land Value Capture finance is rapidly acquiring global legitimacy as an ancillary
and innovative source of funding for expensive urban transport projects. The economic
impacts of public transit investments on surrounding properties make a strong case for
transit value capture finance in emerging cities. However, Development Based Land Value
Capture type mechanisms have unique advantages over Taxation Based Land Value Capture
type mechanisms and vice versa. It is critical that city leaders and transit executives
consider the unique advantages of the two types of LVC to ascertain which best fits their
local context and funding objectives. The author suggest that alternatively, DBLVC and
TBLVC mechanisms can be consolidated to meet a funding objective, while leveraging the
strengths of each type.
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