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Traditionally, the public sector has been responsible for the
provision of all public goods necessary to support sustainable
urban development, including public infrastructure such as roads,
parks, social facilities, climate mitigation and adaptation, and
affordable housing. With the shift in recent years towards public
infrastructure being financed by private stakeholders, the demand
for transparent guidance to ensure accountability for the
responsibilities held by developers has risen. Within planning
practice and urban development, the shift towards private financing
of public infrastructure has translated into new tools being
implemented to provide joint responsibility for upholding
requirements. Developer obligations are contributions made by
property developers and landowners towards public infrastructure in
exchange for decisions on land-use regulations which increase the
economic value of their land. This book presents insight into the
design and practical results of these obligations in different
countries and their effects on municipal financial health,
demonstrating the increasing importance of efficient bargaining
processes and the institutional design of developer obligations in
modern urban planning. Primarily written for academics in land-use
planning, real estate, urban development, law, and economics, it
will additionally be useful to policy makers and practitioners
pursuing the improvement of public infrastructure financing.
Traditionally, the public sector has been responsible for the
provision of all public goods necessary to support sustainable
urban development, including public infrastructure such as roads,
parks, social facilities, climate mitigation and adaptation, and
affordable housing. With the shift in recent years towards public
infrastructure being financed by private stakeholders, the demand
for transparent guidance to ensure accountability for the
responsibilities held by developers has risen. Within planning
practice and urban development, the shift towards private financing
of public infrastructure has translated into new tools being
implemented to provide joint responsibility for upholding
requirements. Developer obligations are contributions made by
property developers and landowners towards public infrastructure in
exchange for decisions on land-use regulations which increase the
economic value of their land. This book presents insight into the
design and practical results of these obligations in different
countries and their effects on municipal financial health,
demonstrating the increasing importance of efficient bargaining
processes and the institutional design of developer obligations in
modern urban planning. Primarily written for academics in land-use
planning, real estate, urban development, law, and economics, it
will additionally be useful to policy makers and practitioners
pursuing the improvement of public infrastructure financing.
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