Land Leasing and Land Sale as an Infrastructure-financing Option

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Land Leasing and Land Sale as an Infrastructure-financing Option by : George E. Peterson

Download or read book Land Leasing and Land Sale as an Infrastructure-financing Option written by George E. Peterson and published by . This book was released on 2006 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Municipal land sales provide one option for financing urban infrastructure investment. In countries where land is owned by the public sector, land is by far the most valuable asset on the municipal balance sheet. Selling land or long-term leasing rights to land use while investing the proceeds in infrastructure facilities can be viewed as a type of portfolio asset adjustment. This paper shows that in China many municipalities have financed more than half of their high rates of infrastructure investment from land sales, for periods of 10 to 15 years. Much of the remaining investment has been financed by municipal borrowing against the collateral of land values. Other countries also have turned to land sales and leasing for infrastructure finance. From a local perspective, land sales have the advantage that they typically are free from the intergovernmental restrictions that require higher-level approval for increases in local tax rates or user fees and that restrict local government borrowing. However, financing municipal infrastructure investment through land sales creates special risks that are not recognized in most intergovernmental fiscal frameworks. One danger involves the use of proceeds to finance operating budgets. Risk exposure is exaggerated by the highly volatile nature of urban land markets and evidence that in some countries urban land values in 2006 reflected a real estate bubble. In the past, Hong Kong, a jurisdiction that has relied heavily on land-leasing to finance its infrastructure budget, has seen land sales fall to zero at the bottom of the real estate cycle. The greatest financial sector risk stems from municipal borrowing based on inflated land values offered as collateral to banks. Sound intergovernmental fiscal management will require tighter regulation of municipalities' financial leveraging of land assets to avoid excessive risk taking by local governments.

Unlocking Land Values to Finance Urban Infrastructure

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Publisher : World Bank Publications
ISBN 13 : 0821377108
Total Pages : 150 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Unlocking Land Values to Finance Urban Infrastructure by : George E. Peterson

Download or read book Unlocking Land Values to Finance Urban Infrastructure written by George E. Peterson and published by World Bank Publications. This book was released on 2009 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land-based financing of urban infrastructure is growing in importance in the developing world. Why is it so difficult to finance urban infrastructure investment, when land values typically increase by more than the cost of investment? Unlocking Land Values to Finance Urban Infrastructure examines the theory underlying different instruments of land-based finance, such as betterment levies, developer exactions, impact fees, and the exchange of publicly owned land assets for infrastructure. It provides a wealth of case-study illustrations of how different land-based financing tools have been implemented, and the lessons learned from these experiences. This practical guide is designed to help expand the role of land-based financing in urban capital budgets in a way that strengthens urban infrastructure finance and urban land markets.

Unlocking Land Values to Finance Urban Infrastructure

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Unlocking Land Values to Finance Urban Infrastructure by : George E. Peterson

Download or read book Unlocking Land Values to Finance Urban Infrastructure written by George E. Peterson and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Raising capital to finance urban infrastructure is a challenge. One solution is to 'unlock' urban land values - such as by selling public lands to capture the gains in value created by investment in infrastructure projects. Land-based financing techniques are playing an increasingly important role in financing urban infrastructure in developing countries. They complement other capital financing approaches, such as local government borrowing, and can provide price signals that make the urban land market more efficient.

Financing Cities

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Publisher : SAGE
ISBN 13 : 9780761935643
Total Pages : 368 pages
Book Rating : 4.9/5 (356 download)

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Book Synopsis Financing Cities by : George E Peterson

Download or read book Financing Cities written by George E Peterson and published by SAGE. This book was released on 2007-04-04 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book highlights the need to boost infrastructure investment in cities as also the necessity for fiscal management across all levels of government-within the context of decentralizing service delivery responsibilities. The volume provides case studies reflecting various viewpoints and a range of success and failure stories from five countries. The topics covered include: - Impact of political and fiscal decentralization - Limitations on borrowing - Managing moral hazard - The role of the financial sector in striking a balance between controls and encouraging the local government to maintain fiscal discipline

Leasing Public Land

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ISBN 13 :
Total Pages : 346 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Leasing Public Land by : Steven C. Bourassa

Download or read book Leasing Public Land written by Steven C. Bourassa and published by . This book was released on 2003 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leasing public land has been advocated as a viable land tenure option for former socialist countries and other transitional economies. However, the debate about land tenure has been influenced more by ideology and preconceptions than by lessons drawn from careful study of existing leasehold systems. This new publication offers a thorough examination of public leasehold systems around the world and presents insightful recommendations for the future role of such systems. Leasehold is a flexible form of land tenure that can be designed to provide an ongoing stream of revenue to finance public infrastructure. What is crucial to the success of leasehold systems is the design and development of appropriate institutions and organizations to, among other things, clearly define property rights and values and provide for effective administration.

Unlocking Land Values to Finance Urban Infrastructure

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Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.:/5 (961 download)

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Book Synopsis Unlocking Land Values to Finance Urban Infrastructure by : George E. Peterson

Download or read book Unlocking Land Values to Finance Urban Infrastructure written by George E. Peterson and published by . This book was released on 2009 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4./5 ( download)

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Book Synopsis by :

Download or read book written by and published by World Bank Publications. This book was released on with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Public Affairs and Administration: Concepts, Methodologies, Tools, and Applications

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Publisher : IGI Global
ISBN 13 : 1466683597
Total Pages : 2348 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Public Affairs and Administration: Concepts, Methodologies, Tools, and Applications by : Management Association, Information Resources

Download or read book Public Affairs and Administration: Concepts, Methodologies, Tools, and Applications written by Management Association, Information Resources and published by IGI Global. This book was released on 2015-05-31 with total page 2348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective administration of government and governmental organizations is a crucial part of achieving success in those organizations. To develop and implement best practices, policymakers and leaders must first understand the fundamental tenants and recent advances in public administration. Public Affairs and Administration: Concepts, Methodologies, Tools, and Applications explores the concept of governmental management, public policy, and politics at all levels of organizational governance. With chapters on topics ranging from privacy and surveillance to the impact of new media on political participation, this multi-volume reference work is an important resource for policymakers, government officials, and academicians and students of political science.

Housing Finance Systems

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Publisher : Springer
ISBN 13 : 1137014032
Total Pages : 305 pages
Book Rating : 4.1/5 (37 download)

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Book Synopsis Housing Finance Systems by : S. Phang

Download or read book Housing Finance Systems written by S. Phang and published by Springer. This book was released on 2013-02-06 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term 'housing crisis' has recently been associated with rising foreclosure rates and tottering financial institutions, particularly in the US and Europe. However, in many emerging countries, the housing crisis is about urban poverty, unplanned settlements, overcrowded slums and homelessness.

Key Determinants of National Development

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Publisher : Routledge
ISBN 13 : 1317109295
Total Pages : 503 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis Key Determinants of National Development by : Kwaku Appiah-Adu

Download or read book Key Determinants of National Development written by Kwaku Appiah-Adu and published by Routledge. This book was released on 2016-03-09 with total page 503 pages. Available in PDF, EPUB and Kindle. Book excerpt: For those wishing to acquire knowledge on national development issues, this comprehensive compendium traverses a spectrum of subjects that the audience ought to be well acquainted with. The Editors provide instructive findings regarding national development, economic growth and their determinants, but they also offer historical perspectives on the subject and the implications for developing countries. The book addresses a suite of critical themes regarded by development experts to be germane in considering the pertinence of policies and their effective execution. These seven general thematic areas are explored: ¢ Leadership, governance, policy and strategy ¢ Public sector and public financial management ¢ Culture, institutions and people ¢ Natural resources ¢ Science, technology and infrastructure ¢ Private sector and financial markets ¢ Marketing, branding and service delivery This thematic approach enables the contributors to explore the impact of the constituents of each subject area on national development, within the context of a developing economy. The significance of the findings for the relevant stakeholders is consequently reviewed. The combination of theory and practice makes the book and its contents unique.

Land Transfer and Finance

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Publisher : Aspen Publishing
ISBN 13 : 1454860413
Total Pages : 2391 pages
Book Rating : 4.4/5 (548 download)

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Book Synopsis Land Transfer and Finance by : The late Curtis J. Berger

Download or read book Land Transfer and Finance written by The late Curtis J. Berger and published by Aspen Publishing. This book was released on 2014-12-09 with total page 2391 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land Transfer and Finance: Cases and Materials, Sixth Edition, is a classroom-tested casebook designed for upper-class courses in real estate transactions or financing that will appeal to professors who prefer to focus on the taxation and financing aspects of a transaction as well as to those who choose to concentrate on contractual and title areas. The Sixth Edition has been meticulously updated and features extensive coverage of the impact of the recent mortgage crisis and the resulting changes and potential changes to real estate mortgage markets. This comprehensive casebook offers: A thorough foundation in land transfer law and a solid doctrinal framework in contract, financing, taxation, and titles. Legal and historical background on the subject of land transactions that will help prepare students for practice. Thorough coverage of the law relevant to various kinds of land transactions, with an emphasis on the major participants in the land sale and lending markets, the role of these participants, their business concerns, and their legal rights and duties. Consideration of many of the more troublesome legal and policy problems in the land transaction field and alternative solutions to these problems are explored. Numerous judicial opinions illustrating important issues of law concerning land transactions and the major participants in land transaction markets. Cases that are selected to help demonstrate the variations in the design of real-world land transactions and the frequent complexity of ;these transactions. Materials that develop students' ability to critically evaluate legal problems and propose solutions to these problems that will best serve the parties' business objectives within the applicable legal constraints. Valuable appendices, including a glossary of real estate terms and sample form documents. The Sixth Edition features: Extensive consideration in Chapter 2 of changes pertaining to real estate mortgage markets. Chapter 7, Part D (Securitization) has been significantly revised. Material in Chapter 7, Part E (Valuing Real Estate and Investments) has been expanded to include a brief section on the basic business and finance considerations in real estate development and investment. Updated tax material. Revisions and refinements to nearly all of the explanatory text, article excerpts, and notes. The purchase of this Kindle edition does not entitle you to receive 1-year FREE digital access to the corresponding Examples & Explanations in your course area. In order to receive access to the hypothetical questions complemented by detailed explanations found in the Examples & Explanations, you will need to purchase a new print casebook.

China's Development and Harmonization

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Publisher : Routledge
ISBN 13 : 1135907536
Total Pages : 294 pages
Book Rating : 4.1/5 (359 download)

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Book Synopsis China's Development and Harmonization by : Bin Wu

Download or read book China's Development and Harmonization written by Bin Wu and published by Routledge. This book was released on 2013-08-21 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of ‘harmonization’ has become very popular in China, with the Chinese government increasingly applying the term ‘harmonious society’ to internal affairs and the term ‘harmonious world’ to international relationships. Harmonization as both an end and a means of China’s development is deeply rooted in China’s cultural tradition, which emphasizes moderation, balance and harmony between human beings and nature, between different social groups, and between the Chinese and other nationalities. This book examines the experience of enacting the concept of harmonization in China in recent years. It explores this in terms of developments within Chinese society, economic developments and changes in business practices, environmental challenges and coping strategies, and changing patterns of international relations. Throughout, it discusses the gaps between rhetoric and reality, policy and practice.

Handbook of Public Policy and Public Administration in China

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Publisher : Edward Elgar Publishing
ISBN 13 : 1789909953
Total Pages : 512 pages
Book Rating : 4.7/5 (899 download)

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Book Synopsis Handbook of Public Policy and Public Administration in China by : Xiaowei Zang

Download or read book Handbook of Public Policy and Public Administration in China written by Xiaowei Zang and published by Edward Elgar Publishing. This book was released on 2020-11-27 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook offers a critical analysis of the major theoretical and empirical issues in public policy and public administration in China. Investigating methodological, theoretical, and conceptual themes, it provides an insightful reflection on how China is governed.

Tourism in Africa

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Publisher : World Bank Publications
ISBN 13 : 1464801975
Total Pages : 325 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Tourism in Africa by : Iain Christie

Download or read book Tourism in Africa written by Iain Christie and published by World Bank Publications. This book was released on 2014-06-19 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents how tourism initiates economic development and how constraints to the growth of tourism in Sub-Saharan Africa can be addressed. With 24 case studies that illustrate tourism development, it reveals that despite destination challenges, the basic elements needed to initialize or intensify success are applicable across the region.

Fiscal Underpinnings for Sustainable Development in China

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Publisher : Springer
ISBN 13 : 9811062862
Total Pages : 264 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Fiscal Underpinnings for Sustainable Development in China by : Ehtisham Ahmad

Download or read book Fiscal Underpinnings for Sustainable Development in China written by Ehtisham Ahmad and published by Springer. This book was released on 2017-12-28 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects high-quality papers on issues related to the rebalancing strategy in China, new clean cities as “hubs’’, liability management, and involving the private sector, including through PPPs, with specific examples from Guangdong. Guangdong has been at the forefront of economic reforms in China since the advent of the Responsibility System in the late 1970s, and its successes and challenges reflect those of China as a whole. The need for rebalancing towards a more inclusive and sustainable path is also critical in Guangdong, just as it is in China. Strengthening the fiscal underpinnings and the next stages of tax reforms are critical drivers to accomplishing the requisite structural changes.

Planning, Connecting, and Financing Cities — Now

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Publisher : World Bank Publications
ISBN 13 : 0821398393
Total Pages : 132 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Planning, Connecting, and Financing Cities — Now by : Somik V. Lall

Download or read book Planning, Connecting, and Financing Cities — Now written by Somik V. Lall and published by World Bank Publications. This book was released on 2013-01-21 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This report was written by a team led by Somik V. Lall"--P. xi.

Global Urbanization

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Publisher : University of Pennsylvania Press
ISBN 13 : 0812204476
Total Pages : 384 pages
Book Rating : 4.8/5 (122 download)

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Book Synopsis Global Urbanization by : Eugenie L. Birch

Download or read book Global Urbanization written by Eugenie L. Birch and published by University of Pennsylvania Press. This book was released on 2011-02-25 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the first time in history, the majority of the world's population lives in urban areas. Much of this urbanization has been fueled by the rapidly growing cities of the developing world, exemplified most dramatically by booming megacities such as Lagos, Karachi, and Mumbai. In the coming years, as both the number and scale of cities continue to increase, the most important matters of social policy and economic development will necessarily be urban issues. Urbanization, across the world but especially in Asia and Africa, is perhaps the critical issue of the twenty-first century. Global Urbanization surveys essential dimensions of this growth and begins to formulate a global urban agenda for the next half century. Drawing from many disciplines, the contributors tackle issues ranging from how cities can keep up with fast-growing housing needs to the possibilities for public-private partnerships in urban governance. Several essays address the role that cutting-edge technologies such as GIS software, remote sensing, and predictive growth models can play in tracking and forecasting urban growth. Reflecting the central importance of the Global South to twenty-first-century urbanism, the volume includes case studies and examples from China, India, Uganda, Kenya, and Brazil. While the challenges posed by large-scale urbanization are immense, the future of human development requires that we find ways to promote socially inclusive growth, environmental sustainability, and resilient infrastructure. The timely and relevant scholarship assembled in Global Urbanization will be of great interest to scholars and policymakers in demography, geography, urban studies, and international development.