Leveraging Land to Enable Urban Transformation : Lessons from Global Experience

Around the world, in both developed and developing countries, policy makers use a variety of tools to manage and accommodate urban growth and redevelopment. Government officials have three main concerns in terms of land policy: (i) accommodating urban expansion, (ii) providing infrastructure, and (iii) managing density. Together, the planning for infrastructure and urban expansion, land use, and density policies combine to shape the spatial structure of cities. This paper reviews global experience on using land based instruments to accommodate urban development and financing infrastructure. The review suggests that urban transformation is most efficient when land markets are fluid, particularly when they are grounded in strong institutions that (i) assign and protect property rights, (ii) enable independent valuation and public dissemination of land values across uses, and (iii) enable the judicial system to handle disputes that may arise in the process.

Bibliographic Details

Main Authors:	Lozano-Gracia, Nancy, Young, Cheryl, Lall, Somik V., Vishwanath, Tara
Language:	English en_US
Published:	World Bank, Washington, DC 2013-01
Subjects:	ACCOUNTABILITY, ACCOUNTING, ACCOUNTING STANDARDS, ASSETS, AUCTIONS, BETTERMENT LEVIES, BONDS, BORROWING, CAPITAL MARKETS, CITIES, CITIZEN PARTICIPATION, CITY PLANNING, COMMUNITY PARTICIPATION, CONSUMERS, CREDIT MARKETS, DEPRECIATION, EMPLOYMENT, EQUALIZATION, GOVERNMENT DEBT, HOUSING, HOUSING PROVISION, INCOME, INTEREST COSTS, LAND DEVELOPMENT, LAND MANAGEMENT, LAND PRICES, LAND PRICING, LAND SPECULATION, LAND SUPPLY, LAND USE, LAND VALUE, LAWS, LEGISLATION, LOCAL AUTHORITIES, LOCAL COUNCILS, LOCAL FINANCE, LOCAL FINANCING, LOCAL GOVERNMENT, LOCAL GOVERNMENT OFFICIALS, LOCAL GOVERNMENTS, LOCAL OFFICIALS, LOCAL REVENUE, MANDATES, MAYORS, METROPOLITAN AREAS, MUNICIPAL, MUNICIPAL ACCOUNTING, MUNICIPAL AUTHORITIES, MUNICIPAL FINANCING, MUNICIPAL GOVERNMENT, MUNICIPAL GOVERNMENTS, MUNICIPALITIES, MUNICIPALITY, NATIONAL GOVERNMENTS, PRICE SETTING, PRICING MODELS, PRIVATE SECTOR, PRODUCTIVITY, PROPERTY LAW, PROPERTY RIGHTS, PROPERTY TAX BASE, PROPERTY TAX COLLECTION, PROPERTY TAX REVENUE, PROPERTY TAXES, PROVISION OF INFRASTRUCTURE, PUBLIC, PUBLIC ADMINISTRATION, PUBLIC BENEFIT, PUBLIC FINANCING, PUBLIC FUNDS, PUBLIC GOODS, PUBLIC INFRASTRUCTURE, PUBLIC PARTICIPATION, PUBLIC PROJECTS, PUBLIC SERVICES, PUBLIC USE, PUBLIC WORKS, PUBLIC WORKS PROJECTS, REAL ESTATE MARKETS, RENTAL PROPERTY, RESIDENTIAL PROPERTY, REVENUE COLLECTION, RISK MANAGEMENT, ROADS, SAVINGS, SPECIAL ASSESSMENTS, TAX, TAX RATES, TAX REVENUE, TAX REVENUES, TAXATION, TRANSACTION COSTS, TRANSPARENCY, TRANSPORT, URBAN AREAS, URBAN DEVELOPMENT, URBAN GROWTH, URBAN INFRASTRUCTURE, URBAN PLANNING, URBANIZATION, USER CHARGES, VACANT LAND,
Online Access:	http://documents.worldbank.org/curated/en/2013/01/17170556/leveraging-land-enable-urban-transformation-lessons-global-experience https://hdl.handle.net/10986/12173
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