Unlocking Land Values to Finance Urban Infrastructure (Trends and Policy Options (PPIAF))

Land-based financing of urban infrastructure is growing in importance in the developing world. Why is it so difficult to finance urban infrastructure investment, when land values typically increase by more than the cost of investment? 'Unlocking Land Values to Finance Urban Infrastructure' examines the theory underlying different instruments of land-based finance, such as betterment levies, developer exactions, impact fees, and the exchange of publicly owned land assets for infrastructure. It provides a wealth of case-study illustrations of how different land-based financing tools have been implemented, and the lessons learned from these experiences. This practical guide is designed to help expand the role of land-based financing in urban capital budgets in a way that strengthens urban infrastructure finance and urban land markets.

"This study shows that a rethinking of traditional approaches to urban finance in developing countries is necessary. It discusses why this potential source of revenue has been largely overlooked by analysts from developed countries, as well as why much greater attention should be paid to these transactions. This book is written in a lively, accessible style without sacrificing analytical rigor." --Robert Buckley, Managing Director, Rockefeller Foundation

"A grand magnitude of financing in infrastructure can be obtained from unlocking land values. Dr Peterson presents a deep and often innovative analysis. This book will be a great resource for an unusually broad audience from international consultants to national and municipal officials." --Olga Kaganova, Coeditor, Managing Property Assets: International Experiences, and Senior Associate, Urban Institute