Financing cleaner transportation: understanding changing trends in capturing developer contributions towards sustainable transport infrastructure
Mark Smith
Planning Practice & Research, 2023, vol. 38, issue 2, 218-235
Abstract:
Transportation and accessibility remain an important consideration in land use planning decision-making if modal shifts towards sustainable forms of transport are to be encouraged. Land value capture (LVC) mechanisms which gather developer contributions can provide new transport infrastructure which supports such a shift. Within England, this has traditionally been pursued through negotiated section 106 agreements, yet data suggest a significant decline in the value of these contributions for transport measures since 2010. This paper investigates the reduction to understand the reasons behind it and then considers the resulting implications for policy and LVC practices using a qualitative synthesis.
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:taf:cpprxx:v:38:y:2023:i:2:p:218-235
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DOI: 10.1080/02697459.2022.2138148
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