A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Institutional barriers to financing transit-oriented development in China: Analyzing informal land value capture strategies
Abstract In order to deal with severe traffic and environmental issues, transit-oriented development (TOD) has been encouraged in China. Land-based value capture strategies have been applied, with varying degrees of success, as a way of co-financing TOD investments. Often, these strategies are based on innovative, but informal planning and land management practices which help to bypass institutional barriersto the effective use of land-based value capture mechanism. This paper aims to identify the interaction between the institutional context and land-based value capture mechanisms for TOD in China and discusses potential ways to deal with those informal practices based on both empirical evidence from successful cases in some Chinese cities and international practices. The findings from literature review, expert interviews, a focus group meeting and three case studies highlight several insights: 1) the effectiveness of land-based value capture for TOD in China is constrained by unsupportive planning, rigid financial regulation, and inefficient governance; 2) informal planning strategies, including the “rail plus property strategy”, the “two-step bidding strategy” and the “land reserve strategy” have been experimentally applied to bypass these barriers; and 3) evidence from international TOD policies on the one hand and the institutionalization of experimental planning strategies on the other hand suggests some options how China could move forward in this matter.
Highlights Three types of institutional barriers to value capture prevent effective TOD strategies in China. Informal strategies have been taken by several Chinese cities as a way to bypass current regulation. Supportive policies, planning experiments, and land value taxation are suggested as three institutional innovations.
Institutional barriers to financing transit-oriented development in China: Analyzing informal land value capture strategies
Abstract In order to deal with severe traffic and environmental issues, transit-oriented development (TOD) has been encouraged in China. Land-based value capture strategies have been applied, with varying degrees of success, as a way of co-financing TOD investments. Often, these strategies are based on innovative, but informal planning and land management practices which help to bypass institutional barriersto the effective use of land-based value capture mechanism. This paper aims to identify the interaction between the institutional context and land-based value capture mechanisms for TOD in China and discusses potential ways to deal with those informal practices based on both empirical evidence from successful cases in some Chinese cities and international practices. The findings from literature review, expert interviews, a focus group meeting and three case studies highlight several insights: 1) the effectiveness of land-based value capture for TOD in China is constrained by unsupportive planning, rigid financial regulation, and inefficient governance; 2) informal planning strategies, including the “rail plus property strategy”, the “two-step bidding strategy” and the “land reserve strategy” have been experimentally applied to bypass these barriers; and 3) evidence from international TOD policies on the one hand and the institutionalization of experimental planning strategies on the other hand suggests some options how China could move forward in this matter.
Highlights Three types of institutional barriers to value capture prevent effective TOD strategies in China. Informal strategies have been taken by several Chinese cities as a way to bypass current regulation. Supportive policies, planning experiments, and land value taxation are suggested as three institutional innovations.
Institutional barriers to financing transit-oriented development in China: Analyzing informal land value capture strategies
Wang, Jinshuo (author) / Samsura, D. Ary A. (author) / van der Krabben, Erwin (author)
Transport Policy ; 82 ; 1-10
2019-07-25
10 pages
Article (Journal)
Electronic Resource
English
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