Land value capture: harnessing the value generated by accessibility
The creation of transportation infrastructure enables cities to improve accessibility in certain areas. This concept is a strong determining factor of land value in urban areas. In highly accessible areas, land value will automatically be greater. The value generated by the improved accessibility of an area may be a source of mobility funding provided that the capital gain related to the completion of new transportation infrastructure is recovered. This is exactly what the “land value capture” mechanism intends to achieve. Through this measure, it is possible to recover part of the land value generated and to allocate it to mobility funding.Learn more / Download
What scale of implementation?
What secondary benefits for the community?
- Building densification
Other solutions to discover:
La Fabrique de la Cité
La Fabrique de la Cité is a think tank dedicated to urban foresight, created by the VINCI group, its sponsor, in 2010. La Fabrique de la Cité acts as a forum where urban stakeholders, whether French or international, collaborate to bring forth new ways of building and rebuilding cities.