Land Value Capture as a New Sustainable Financing Mechanism for Public Transit Development in New Cities: Borg El-Arab New City as a Case Study

2018 ◽  
pp. 71-100 ◽  
Author(s):  
Mostafa El-Nagdy ◽  
Asmaa Ibrahim
Keyword(s):  
Public Transit ◽  
Land Value ◽  
Value Capture ◽  
Financing Mechanism ◽  
New City ◽  
Sustainable Financing

A financing mode of Urban Rail transit based on land value capture: A case study in Wuhan City

2017 ◽  
Vol 57 ◽  
pp. 59-67 ◽  
Author(s):  
Jun Sun ◽  
Tian Chen ◽  
Zuchen Cheng ◽  
Cynthia C. Wang ◽  
Xin Ning
Keyword(s):  
Urban Rail Transit ◽  
Rail Transit ◽  
Land Value ◽  
Wuhan City ◽  
Value Capture ◽  
Financing Mode ◽  
Urban Rail

scholarly journals Can land value capture make PPP's competitive in fares? A Mumbai case study

2018 ◽  
Vol 64 ◽  
pp. 123-131 ◽  
Author(s):  
Rohit Sharma ◽  
Peter Newman
Keyword(s):  
Land Value ◽  
Value Capture

scholarly journals Can land value uplift deliver affordable housing? Experiences from England

2018 ◽  
Vol 11 (1) ◽  
pp. 87-101 ◽  
Author(s):  
Peter Wyatt
Keyword(s):  
Affordable Housing ◽  
Empirical Work ◽  
Political Agenda ◽  
Land Value ◽  
Local Planning ◽  
Value Capture ◽  
Content Type ◽  
Decision Tools ◽  
The One

Purpose The theoretical case for land value capture is well-known, but the effectiveness of affordable housing delivery as a capture mechanism is not so well-documented. Building on the earlier theoretical and empirical work of Whitehead (1991, 2007) and Crook and Whitehead (2002), the purpose of this paper is to consider the provision of affordable housing from a land value capture viewpoint, focusing on the process by which the amount of affordable housing is determined between landowners/developers on the one hand and local planning authorities on the other. Design/methodology/approach The paper adopts a mixed-mode approach for the data collection. Two surveys of local planning authorities were undertaken, together with a series of case study interviews. Findings The paper evaluates whether land value capture has been an effective mechanism for delivering affordable housing by focusing on three principal areas: first, the political agenda in relation to land value capture and the supply of affordable housing; second, the nature and motivation of the stakeholders involved in affordable housing decision-making; and third, the use of economic models as decision tools for determining the amount and type of affordable housing are negotiated. Originality/value The research provides some insight into the effectiveness of local authority affordable housing targets as a means of capturing the uplift in land value that results from the grant of planning permission.

Spatial and Dynamic Features of Land Value Capture: A Case Study from Bogotá, Colombia

2017 ◽  
Vol 47 (3) ◽  
pp. 603-622
Author(s):  
Néstor Garza
Keyword(s):  
Temporal Structure ◽  
Master Plan ◽  
Land Value ◽  
Dynamic Features ◽  
Value Capture ◽  
Land Prices ◽  
Policy Application ◽  
The Relationship ◽  
Rare Opportunity

This article assesses the neutrality of Captura de Plusvalía, a land value capture policy implemented in Bogotá (Colombia) in 2004. The case offers a rare opportunity for assessment because the policy application had a scattered spatial and temporal structure but on an urban agglomeration ruled by a single master plan and revenue collecting authority. The analysis reveals that (a) the relationship between value capture and prices is negative (static neutrality); (b) this result holds under various spatial specifications and controls; (c) the policy is not endogenous to the built output or the spatial distribution of the land prices; and (d) there is no evidence of preemption, a theoretical feature where landowners consider that the policy onset represents a regulatory taking, compelling them to accelerate developing timing (dynamic neutrality).

Betterment: a taxing problem

2018 ◽  
Vol 36 (2) ◽  
pp. 217-226 ◽  
Author(s):  
Richard Grover
Keyword(s):  
Property Values ◽  
Property Taxes ◽  
Land Value ◽  
Value Capture ◽  
Content Type ◽  
Alternative Approach ◽  
Effective Instrument ◽  
The Uk ◽  
Practical Implications

Purpose The purpose of this paper is to review the issues involved in land value taxation and betterment and the issues involved in apportioning value between land and improvements. Design/methodology/approach The theoretical and valuation issues in betterment are reviewed and a case study of a betterment tax introduced in the UK is used to illustrate the practical problems in implementation. Findings The idea of land value taxation depends upon being able to apportion property values between land and improvements. This raises both theoretical and practical problems that are difficult to overcome. Practical implications The apportionment property values between land and improvements produces results that cannot be verified by market evidence, suggesting that an alternative approach be adopted through value-based recurrent property taxes revalued at frequent intervals. Originality/value Much of the literature has concentrated on the theoretical advantages of land value taxation rather than examining the practical problems of implementation. These suggest a different approach with less emphasis on betterment taxes and more on how recurrent property taxes can be an effective instrument for value capture.

scholarly journals Public Transit Loyalty Modeling Considering the Effect of Passengers’ Emotional Value: A Case Study in Xiamen, China

2018 ◽  
Vol 2018 ◽  
pp. 1-12 ◽  
Author(s):  
Shi-chao Sun
Keyword(s):  
Structural Equation ◽  
Goodness Of Fit ◽  
Public Transit ◽  
Perceived Value ◽  
Index Score ◽  
The Public ◽  
Bus Service ◽  
Bus Services ◽  
Emotional Value

To better sustain passengers’ loyalty towards bus service, this paper addressed the modeling of the public transit loyalty by the use of structural equation model. As a novel hypothesis, the emotional value was considered to have effects on the perceived value of bus services in this study, which reflected the degree of passengers’ emotional dependence on the public transit. Specifically, in order to better assess the loyalty, seven unobserved variables were measured to construct the structural model, namely, “service guarantee,” “operational services and efficiency,” “emotional value,” “perceived value,” “expectation,” “satisfaction,” and “loyalty.” The goodness-of-fit of the model was estimated and evaluated by using the survey data harvested from Xiamen, China. Besides, the index score of variables was also computed to help determine targeted approaches to better improve the level of bus service. The results indicated that the time cost and the monetary cost actually had no effects on the perceived value of users in the case study. At the same time, however, it also proved that passengers’ emotional value towards the public transit indeed affected passengers’ perception of the service value. In addition, whether users’ perceived value was as expected determined how much passengers satisfied with the service. Regarding the index score of variables, it indicated a great dissatisfaction of passengers towards the current bus service. Unexpectedly, the score of loyalty even still retained a relatively high level, which reflected continue-to-use willingness of passengers. It implied that being subject to economic conditions and other factors, passengers were captive and had to continue relying on the public transit, in spite of their dissatisfaction. As for the improvement direction of bus services, targeted approaches should be determined to improve the quality of bus service, regarding the aspects of “condition of facilities in the bus,” “driving stability and comfort,” “vehicle speed,” and “safety.”

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