Blog » Financing Transit-Oriented Development with Land Values
Financing Transit-Oriented Development with Land Values proposes the use of “development-based land value capture” mechanisms to finance transport infrastructure. Coupled with supportive land use regulations, development-based land value capture (LVC) helps “capture” property value increases due to transit investments. This revenue can in turn be used to help cover the cost of transit infrastructure and maintenance, and agreements for development rights transfers can include provisions such as services and facilities for low-income groups.
The book uses a unique case study method to identify opportunities and pitfalls from experiences in Hong Kong SAR, Tokyo, New York City, Washington, D.C., London, Nanchang, Delhi, and Hyderabad.