Changes in the Country and Their Impact on Topographic Data of Agricultural Land—A Case Study of Slovakia

Due to natural phenomena as well as human activities, changes are occurring in land use. Techniques and environment GIS have made it possible to process large amounts of data from various sources. In Slovakia, mapping of topography and elevation is being carried out as part of the elaboration of land readjustment projects. This is also a starting point for updating estimated pedologic-ecological units (EPEUs). Therefore, it is necessary to make efforts to harmonize the real state of the country with the data stored in the EPEU database, which are the basis for spatial analyses in the country and the creation of price maps. The EPEU system was built in the 1970s; however, only after 1990, due to changes in ownership and user conditions of the land, did it begin to seriously address the issue of updating data. This study examines selected sources of altimetry data, especially airborne laser scanning (ALS), and their potential role in processing purpose maps and harmonizing boundary curves and slope and exposure characteristics at a stable 5-position EPEU local code. Based on the obtained results, the use of ALS data and the Digital Terrain Model (DTM) derived from them may lead to the streamlining of some processes in terms of planning and decision-making regarding land use, even outside the context of the ongoing land reforms in the Slovak Republic.

Real options analysis of revenue risk sharing in post-disaster housing reconstruction

Purpose Post-disaster housing reconstruction (PDHR) demands a considerable percentage of global property investment, yet the post-disaster environment presents intricate challenges to reconstruction financing for governments and at the same time, revenue uncertainty for private investors. The purpose of this study is to develop a methodology for tackling land shortage and the financial challenges of PDHR in the aftermath of a disaster. Design/methodology/approach This study developed a methodology based on a combined minimum revenue guarantee and maximum revenue cap model using a well-established real options analysis (ROA) for revenue risk sharing in PDHR projects and land readjustment (LR) for finance. The applicability of the purported model is demonstrated through an illustrative example. Findings The results show that flexibility in the options could increase the PDHR contractor’s risk profile by increasing the expected value of the contractor investment and reducing the probability of investment loss. On the other side, a cap on the contractor revenue stream would allow the government to benefit from any excess in revenue and would counterbalance the value of the option. Practical implications The framework proposed in this study could serve as a practical risk-revenue sharing in PDHR projects. Governments and policymakers could use the findings to enable the successful delivery of PDHR projects and consequently bring the quality of life of affected people to pre-disaster conditions. Originality/value This study can be considered as a first attempt toward the use of the Australian barrier style options structure, and the trinomial lattice valuation model in PDHR projects, which incorporates LR, public-private partnerships, governmental guarantees and PDHR concepts in one ROA-based framework.

Housing Supply Limitations, Land Readjustment and the Ecological Performance of the Urban Landscape

Public authorities in developing economies typically have to deal with fiscal stress, lack of resources and an underdeveloped real estate industry. This poses a severe challenge at times of rapid urbanisation. Governments typically react to housing demand shocks by introducing policies that support the real estate market’s capacity to supply housing. One prominent policy in this respect is land readjustment. It has been promoted as a best practice and has been extensively discussed from an efficiency perspective; however, little is known about the ecological performance of the urban landscapes that typically emerge with this tool. Therefore, this study developed an assessment framework that allows discussion of the ecological performance of these neighbourhoods as an outcome of the reciprocal interaction between public sector initiatives and real estate market responses. Based on a LEED ND assessment of the cases of Taipei and Seoul, the research identifies four institutional drivers of ecological costs. First, public agencies tend to neglect the ecological costs of greenfield site developments. Second, public agencies to not employ policies that promoe brownfield developments. Third, a weak public sectors’ negotiating position can result in an ecologically inefficient urban pattern. And finally, the public sector’s construction standardisation policies can impose real estate market limitations and wasteful use of resources in the long run.

Value Capture and Vertical Allocations of Public Amenities

This paper describes and critically reviews an important but under-theorized value capture mechanism that we have termed “vertical allocations” (or vertical exactions). This mechanism enables cities to capture value vertically by allocating floor space for public utilities in privately owned, mixed-use, vertical development. As a value capture tool, vertical allocations allow the government to tap value uplift to supply the nearby neighborhood, and the city as a whole, with much needed public services. The owner or developer is required to make in-kind contributions in the form of spaces provided for a range of public facilities such as schools, preschools, community centers, and public medical clinics. While focusing on vertical exactions in Israel we explore how a certain share of land/floorspace can be allocated for public amenities in a given project. There are several legal pathways for securing public floorspace including negotiated agreements, land readjustment and expropriation. The findings show that unclear policies and regulations could create frictions between developers and municipalities, and these raise the nexus question as well as debates about construction costs and financial contributions developers have to make. Specifically, the paper finds that while developers often argue that cities should cover the costs of constructing public floorspace, city officials assert that the costs should be borne by the owners and developers.

Governance through Conflict: Consensus Building in the Fenicia Urban Renewal Project in Bogotá, Colombia

The Fenicia project is an urban redevelopment project in an area of downtown Bogotá, within the immediate vicinity of Los Andes University, the principal promoter of the project. The project has not yet been completed but the way in which it has been formulated, as well as its characteristics and basic objectives, have made it a reference point in the city of Bogotá. From the very beginning, the project has confronted numerous conflicts and tensions between the different stakeholders involved in its implementation. The conflict management approach implemented in this case study has contributed to correcting many of the equity concerns that other urban renewal projects in the city have generated. It does so by promoting inclusive and deliberative dynamics between the promoter, local authorities, and property owners in the zone. Land readjustment is an instrument that could allow the current property owners to remain in the area, participate as partners in the benefits of the project, and play a leading role in decision-making processes.

Do land policies make a difference? A data-driven approach to trace effects on urban form in France and Germany

Against the backdrop of rapidly expanding urban structures, land policies in many countries have been adapted to contain and redirect growth to existing urban structures. However, obstacles remain to measure the effects of policies. In the meantime, geoinformation technologies have given rise to a wide range of approaches to measure and describe urban form. Nevertheless, its application for the assessment of land policy has a high, but not yet fully exploited, potential. It is thus the aim of this research to address and investigate the options of spatial analysis and machine learning in particular to analyse urban form from a land policy perspective. To do so, we develop urban metrics informed by urban planning and land readjustment policies of two countries describing urban form on different spatial levels. We therefore formulate hypotheses on causal relations between policy and form. Based on the metrics, we apply the random forest algorithm to classify the building stock of the region. We then extract the residential areas, those with single-family houses, as this is where the effects of the policy are considered most visible. In a next step, we use random forest to predict the nationality of a building. Through variable importance measures, we identify and discuss urban morphological differences between the two countries and test the hypotheses on effects of land policies. We develop and test the approach for the French-German city-region of Strasbourg using OpenStreetMap data. We identify significant differences in the building coverage ratios, which tend to be higher in Germany. This can be linked to differences in planning regulations. Furthermore, German residential areas appear to be more diverse in urban form. Differences in land readjustment policies have proven to be plausible here, as French policies favour strong actors that develop residential areas more uniformly. In Germany, policies favour fragmented ownership-oriented development of residential areas. The metrics and the applied algorithm for building classification have proven to be robust in terms of data heterogeneity and have shown high levels of accuracy. They could also be successfully used for tracing causal relations.