Tax-based Mechanisms in Urban Regeneration: Dublin and Chicago Models

Stanley McGreal, Jim Berry, Greg Lloyd and John McCarthy
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Stanley McGreal: School of the Built Environment, University of Ulster at Jordanstown, Newtownabbey, County Antrim, BT37 OQB, Northern Ireland, ws.mcgreal@ulst.ac.uk
Jim Berry: School of the Built Environment, University of Ulster at Jordanstown, Newtownabbey, County Antrim, BT37 OQB, Northern Ireland, jn.berry@ulst.ac.uk
Greg Lloyd: School of Town and Regional Planning, University of Dundee, Dundee, DD1 4HT, UK, m.g.Lloyd@dimdee.ac.uk
John McCarthy: School of Town and Regional Planning, University of Dundee, Dundee, DD1 4HT, UK, j.p.mccarthy@dundee.ac.uk

Urban Studies, 2002, vol. 39, issue 10, 1819-1831

Abstract: The increasing interest in the potential use of fiscal incentives as a mechanism for stimulating urban renewal has been highlighted by a number of influential policy sources. This paper assesses the application and outcomes of tax-based incentives in urban regeneration, with particular focus upon the differing models represented by Dublin (Ireland) and Chicago (USA). Issues considered include utilisation of tax incentives, drawing-down of benefits, role of actor groups, ability to lever private-sector finance, impact on property market performance and wider economic influences. Conclusions advance the case for tax-based mechanisms as an instrument in the delivery of urban regeneration but stress the need for complementary structures to exploit fully the fiscal incentives.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:39:y:2002:i:10:p:1819-1831

DOI: 10.1080/0042098022000002975

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