Land Value Capture in the United States

"""Disruptions associated with real estate development often bring political strife, and Gerald Korngold has produced an analysis of land value capture that will be highly valuable to every municipality. Though it has played a role in helping governments fund projects and address public needs for more than a century, land value capture is increasingly essential for a municipality to effectively address public concerns about mobility, resiliency, affordable housing, and equity. This narrative will prompt policy makers and stakeholders to think anew about how to harness real estate development to deliver important social goods.""--Brian Golden, Former Director, Boston Planning & Development Agency ""Gerald Korngold provides an all-too-rare pragmatic overview of a topic that stokes great passion from theorists and practitioners alike. Setting aside the 'should' until a final section of thoughtful recommendations, he clearly explains many of the tools applicable to the U.S. context. While the report acknowledges the pitfalls of pursuing various land value capture mechanisms, it also provides ample case studies that ultimately assure the reader that something can be done efficiently and effectively in many communities. This will be foundational reading for scholars, planners, and policy makers for years to come.""--Ian Carlton, Senior Economic Advisor, ECONorthwest ""There is growing interest in and professional demand for more substantive, experiential learning related to the theory and practice of land value capture. What kinds of tools are out there? How are they designed? What are the legal intricacies that we need to be careful about? What insights and lessons can we draw from past practices? Gerald Korngold's report provides an informative and comprehensive answer. It will be a useful resource for both educators and professionals as the planning community continues to figure out how to serve the public better and more justly.""--Mi Shih, Associate Professor, Rutgers University"