Governmentalities of land value capture in urban redevelopment

Canelas, Patrícia; Noring, Luise

doi:10.1016/j.landusepol.2022.106396

Cited by 8 publications

(2 citation statements)

References 24 publications

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“…As with other urban governance innovations, VC can be easily politicized or misunderstood in practice, leading to an underestimation of its potential (Dunning and Keskin 2019). Our institutional perspective reveals that the multilayered nature of its implementation process-involving complex legal instruments as much as local behavioral changes-can make such governance innovations difficult to fathom (see also Canelas and Noring 2022). However, by providing benefits that actors with diverse interests can rally around, an urban development project is clearly capable of acting as a tangible driver of change.…”

Section: Discussionmentioning

confidence: 97%

Explaining Value Capture Implementation in New York, London, and Copenhagen: Negotiating Distributional Effects

van Zoest,

Daamen

2024

Urban Affairs Review

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Value capture (VC) is widely cited as a method for local authorities to provide urban public goods to their cities in the face of fiscal stress. Its application in practice however remains limited. In this article, we aim to explain the implementation process of VC as a strategy to fund public transportation infrastructure through case studies in London, New York, and Copenhagen. Adopting a theory of gradual institutional change, we argue that the implementation of VC depends on the capacity to change distributional institutions that are inherently contested. Particularly relevant is the role of the beneficiary, whose support of VC is necessary but not likely. Our results show that a strategic urban development project can act as a driver to overcome this barrier, but that this driver can, simultaneously, also hinder the institutionalization potential of a VC strategy. We therefore suggest that, for VC strategies to become more commonplace, sharing value uplifts among beneficiaries must become more commonplace too.

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