A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Development Viability
This chapter addresses the central dilemma of policy relating to planning obligations. How may policy impose on developments a growing proportion of the costs of the provision of development infrastructure and of the mitigation of development impact without, at the same time, threatening the viability of the very schemes that it wishes to encourage? The chapter first considers the nature of development viability. It highlights the importance of the level of land development value and of the threshold value at which landowners will be willing to supply land to the market. Then the chapter describes how development costs, values and viability are estimated. This is used as a framework to examine how planning obligations and Community Infrastructure Levy affect the financial structure of development, and the resulting land values and viability. Development circumstances and outcomes vary widely over space and time: between different locations and different stages in the market cycle. The impact of planning obligations is therefore highly site‐ and time‐specific.
Development Viability
This chapter addresses the central dilemma of policy relating to planning obligations. How may policy impose on developments a growing proportion of the costs of the provision of development infrastructure and of the mitigation of development impact without, at the same time, threatening the viability of the very schemes that it wishes to encourage? The chapter first considers the nature of development viability. It highlights the importance of the level of land development value and of the threshold value at which landowners will be willing to supply land to the market. Then the chapter describes how development costs, values and viability are estimated. This is used as a framework to examine how planning obligations and Community Infrastructure Levy affect the financial structure of development, and the resulting land values and viability. Development circumstances and outcomes vary widely over space and time: between different locations and different stages in the market cycle. The impact of planning obligations is therefore highly site‐ and time‐specific.
Development Viability
Crook, Tony (author) / Henneberry, John (author) / Whitehead, Christine (author)
Planning Gain ; 115-139
2015-12-18
25 pages
Article/Chapter (Book)
Electronic Resource
English
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