WB learning events: "Land Value Capture (LVC) Learning Clinic: Overview of Tax Increment Financing" & "Re-inventing Land Readjustment: Implications for Eminent Domain, Public-Private Partnership, and Land Governance"

    WB learning events: "Land Value Capture Learning Clinic Series Part II: Overview of Tax Increment Financing" & "Re-inventing Land Readjustment: Implications for Eminent Domain, Public-Private Partnership, and Land Governance

     

    Land Value Capture (LVC) Learning Clinic: Overview of Tax Increment FinancingJune 2, 2016

    Co-sponsored by the City Management, Governance and Financing GSG, together with the Urban Mobility GSG and the Decentralization and Intergovernmental Relations GSG

    “Tax increment financing” is a financing tool that local governments, primarily in the United States, have used as an “off-balance-sheet” approach for raising capital to fund infrastructure and other public improvements. Under a tax increment financing (TIF) approach, a local government can borrow (e.g., issue bonds) against a designated area’s future anticipated tax revenues in order to invest in immediate infrastructure or encourage present development.  Importantly, TIF does not require that the property tax rate increases. To generate incremental revenues, the property values within the TIF district need to increase. At this session, a panel of experts and practitioners from inside and outside of the World Bank Group will discuss how Tax Increment Financing works. The session presented a case study review focused on the TIF bonds issued by the District of Colombia to fund a portion of the infrastructure requirements of the new mixed-use project, the “Wharf”—along the Southwest waterfront, including the historic municipal Fish Market.  View presentations and video recording

    See also: Land Value Capture Learning Clinic Series Part I

     

    Re-inventing Land Readjustment: Implications for Eminent Domain, Public-Private Partnership, and Land Governance.  June 6, 2016

    Sponsored by the Land Thematic Group and the Land and Geospatial GSG

    Land readjustment has been conventionally perceived as merely a tool to assemble adjacent land plots from different owners for efficient land redevelopment. Surprisingly recent applications of this land tool in developing countries have, to a certain extent, shown its potential for minimizing the use of eminent domain or government compulsory purchase, facilitating public-private partnership, and encouraging good land governance development.  Based on actual cases from the developing world and emerging economies, the presenter showed how supporting legislation, organized community, collaboration between the public and private sectors, and trust relationship among stakeholders were gradually institutionalized in accordance with experiences learned from land readjustment experiments. View presentations and video recording