Residents' Benefits of Multi-functional Land-use Projects: A Stated Preference Approach to a Case Study in Amsterdam
Henri de Groot () and
Erik Verhoef ()
International Planning Studies, 2011, vol. 16, issue 4, 397-417
Urban re-development projects generate various positive as well as negative spatial externalities to the existing population in a given area. This study aims to assess the order of magnitude of the expected net benefits for incumbent residents from a large-scale project in the southern part of Amsterdam (the Netherlands), which is planned to transform the area into a large multi-functional urban centre. We employ a specific stated preference method (namely, a willingness-to-accept method) to assess the net socio-economic benefits for the population in the area concerned. Our approach explicitly considers perceived costs and benefits in the foreseen ‘end-states’ as well as those incurred during the transitional (construction) phase towards such end-states. It is concluded that the multi-functional urban re-development project under consideration is not supported by the residents in the area, as the long-run benefits are perceived to be overshadowed by the short-run environmental nuisances.
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Persistent link: https://EconPapers.repec.org/RePEc:taf:cipsxx:v:16:y:2011:i:4:p:397-417
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