Abstract
This paper focuses on the interaction between land use planning and infrastructure provision, and offers an overview of the methods that are used in different development contexts to share the costs of local infrastructures and facilities between the public and the private sector. Over the last forty years or so, in the face of intense fiscal pressure and a drastic reduction in the transfer of resources from the central government, local authorities have increasingly been searching for alternative means to fund the provision of off-site infrastructures and facilities.
Starting from the analysis of the Urban Developments Agreements carried out in Lombardy Region over the last 15 years, the paper provides an overview of the surplus value capture mechanism, as it result from land use change and development with the aim of pointing out the issue of its allocation between public and private parties.
Keywords
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
OECD, The Governance of Land Use in OECD Countries Policy Analysis and Recommendations (2017)
Nelson, A.C.: Paying for Prosperity: Impact Fees and Job Growth, A Discussion Paper prepared for The Brookings Institution Center on Urban and Metropolitan Policy (2003)
Urban Land Institute: Infrastructure 2010: Investment Imperative. Ernst & Young, Washington (2010)
Altshuler, A., Gomez-Ibanez, J.: L’economia politica e le esalazioni sull’uso del suolo, in F. Curti Urbanistica e fiscalita locale, Maggioli Editore (1999)
Goss, S.: Making Local Governance Work: Networks, Relationships, and The Management of Change. Palgrave, London (2001)
Stoker, G.: Transforming Local Governance. Palgrave MacMillan, London (2003)
Karrer, F.: Il management dei servizi urbani tra piano e progetto. Officina, Roma (2008)
Hagman, D.G., Misczynski, D.J.: Windfalls for Wipe Outs: Land Value Capture and Compensation. American Planning Association, Washington (1977)
Reimer, M., Getimis, P., Blotevogel, H.: Spatial Planning Systems and Practices in Europe: A Comparative Perspective on Continuity and Changes. Routledge, London (2014)
Malme, J.H., Youngman, J.M.: An International Survey of Taxes on Land and Buildings. Lincoln Institute of Land Policy, Washington (1994)
Malme, J.H., Youngman, J.M. (eds.): The Development of Property Taxation in Economies in Transition: Case Studies from Central and Eastern Europe. World Bank Publications, Washington (2001)
Malme, J.H., Youngman, J.M.: The property tax in a new environment: lessons from international tax reform efforts, andrew young school international studies program public finance. In: The Challenges of Tax Reform in a Global Economy, Stone Mountain, Georgia (2004). http://www.issuelab.org/resource/property_tax_in_a_new_environment_lessons_from_international_tax_reform_efforts. Accessed 10 May 2016
Rosenberg, R.H.: Changing culture of American land use regulation: paying for growth with impact fees. SMUL Rev. 59(177), 202–203 (2006)
OECD. OECD Principles for Public Governance of Public-Private Partnerships, Paris (2012). www.oecd.org/gov/budgeting/oecd-principles-for-public-governance-of-public-private-partnerships.htm. Accessed 10 Mar 2017
Fensham, P., Gleeson, B.: Capturing value for urban management: a new agenda for betterment. Urban Policy Res. 21(1), 93–112 (2003)
Van Dijk, T., Kopeva, D.: Land banking and central Europe: future relevance, current initiatives, western European past experience. Land Use Policy 23(3), 286–301 (2006)
Levinson, D.M., Istrate, E.: Access for value: financing transportation through land value capture, Brookings Institute Metropolitan Infrastructure Initiative Series, Washington D.C. (2011)
Medda, F., Modelewska, M.: Land Value Capture as a funding source for urban investment: the Warsaw Metro System, Ernst & Young Better Government Programme Poland (2011)
Wegner, J.W.: Moving toward the bargaining table: contract zoning, development agreements, and the theoretical foundations of government land use deals. NCL Rev. 65, 957 (1986)
Morphet, J.: Modern Local Government. SAGE Publications Ltd, London (2007)
Curti, F.: Lo scambio leale. Officina, Roma (2006)
Camagni, R.: Il finanziamento della città pubblica » . In: Baioni, M. (a cura di), La costruzione della città pubblica, pp. 39–56. Alinea, Firenze (2008)
Oppio, A., Torrieri, F.: Public and Private Benefits in Urban Development Agreements, Green Energy and Technology. Springer (In press)
Micelli, E.: Perequazione urbanistica. Pubblico e privato per la trasformazione della città. Marsilio, Venezia (2004)
Micelli, E.: La gestione dei piani urbanistici. Perequazione, accordi, incentivi. Marsilio, Venezia (2011)
Alterman, R.: Land use regulations and property values: the ‘windfalls capture’ idea revisited. In: Brooks, N., Donanghy, K., Knapp, G., Oxford Handbook on Urban Economics and Planning, Oxford: Oxford U.P., pp. 755–786 (2012)
Morano, P., Manganelli, B.: La stima delle aree fabbricabili a fini imu. Proposte per il superamento delle inadeguatezze nelle procedure messe a punto dai Comuni, Valori e Valutazioni 12, 119–138 (2014)
Morano, P., Tajani, F.: The break-even analysis applied to urban renewal investments: a model to evaluate the share of social housing financially sustainable for private investors. Habitat Int. 59, 10–20 (2017)
Crosby, N., Wyatt, P.: Financial viability appraisals for site-specific planning decisions in England. Environment and Planning C: Government and Policy (2016)
Healey, P., Ennis, F., Purdue, M.: Negotiating Development: Rationales and Practice for Development Obligations and Planning Gain. Routledge Spon Press, London (1995)
Bailey, S.J.: Local Government Economics: Principles and Practice. Palgrave Macmillan, London (1999)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2019 Springer International Publishing AG, part of Springer Nature
About this paper
Cite this paper
Oppio, A., Torrieri, F., Bianconi, M. (2019). Land Value Capture by Urban Development Agreements: The Case of Lombardy Region (Italy). In: Calabrò, F., Della Spina, L., Bevilacqua, C. (eds) New Metropolitan Perspectives. ISHT 2018. Smart Innovation, Systems and Technologies, vol 100. Springer, Cham. https://doi.org/10.1007/978-3-319-92099-3_40
Download citation
DOI: https://doi.org/10.1007/978-3-319-92099-3_40
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-92098-6
Online ISBN: 978-3-319-92099-3
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)