Land betterment capture revisited: A methodology for territorial plans
Emília Malcata Rebelo
Land Use Policy, 2017, vol. 69, issue C, 392-407
Abstract:
The main goal of this article consists in the proposal of a developer obligations’ instrument aimed at capturing land betterments that result from planning decisions and from the implementation of territorial plans, reassigning them to public infrastructure, equipment and social purposes. It consists in charging for extra development rights beyond average municipal urban built-up areas. It is founded on a research and consultancy work for the Portuguese Territory Department (a governmental organism) within the scope of the revision of the Land Planning Act and complementary legislation, namely the new Juridical Regime of Urbanization and Edification, and the new Juridical Regime of Territorial Management Instruments. Thus herein are presented the assumptions, methodology, outcomes and conclusions of this work.
Keywords: Betterment; Value-capture; Developer obligations; Urban development costs and benefits; Equalisation mechanisms; Economic and financial sustainability (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (12)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:lauspo:v:69:y:2017:i:c:p:392-407
DOI: 10.1016/j.landusepol.2017.08.015
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