Public Infrastructure, Private Finance: Developer Obligations and Responsibilities

The public sector has traditionally provided public goods for sustainable urban development, but private financing has led to increased demand for transparent guidance and accountability. Developer obligations are contributions made by property developers and landowners to public infrastructure in exchange for land-use regulations. This book provides insight into the design and practical results of these obligations in different countries and their effects on municipal financial health. It is primarily written for academics in land-use planning, real estate, urban development, law, and economics, and will also be useful to policy makers and practitioners.

Format: Paperback / softback
Length: 270 pages
Publication date: 21 January 2023
Publisher: Taylor & Francis Ltd

The public sector has long played a pivotal role in ensuring the provision of essential public goods necessary for sustainable urban development. This encompasses a wide range of public infrastructure, including roads, parks, social facilities, climate mitigation and adaptation measures, and affordable housing. However, with the recent trend towards private stakeholders financing public infrastructure, there has been a growing demand for transparent guidance to ensure accountability for the responsibilities held by developers.

In the realm of planning practice and urban development, the shift towards private financing has led to the implementation of innovative tools aimed at fostering joint responsibility for upholding infrastructure requirements. Developer obligations are contributions made by property developers and landowners in exchange for decisions on land-use regulations that enhance the economic value of their land. This book offers valuable insights into the design and practical outcomes of these obligations across different countries, shedding light on their impact on municipal financial health. It emphasizes the significance of efficient bargaining processes and the institutional framework of developer obligations in modern urban planning.

Primarily aimed at academics specializing in land-use planning, real estate, urban development, law, and economics, this book also serves as a valuable resource for policy makers and practitioners seeking to improve public infrastructure financing. By examining the experiences and lessons learned from various countries, it provides valuable guidance for policymakers and practitioners in navigating the complexities of private-public partnerships and ensuring the sustainable development of urban areas.

Weight: 500g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032475622