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Module 1: Land Value Capture

Duration
10 October – 23 October 2011, 2 weeks 
Tuition fee
400 Euro per module
IHS Application Deadline
02 August, 2011
Diploma
Post-graduate certificate

Apply on-line now

Objectives of the module
At the end of the course, the participants will have been:

• Exposed to the main principles of land value capture
• Exposed to all possible ways to finance urban projects using land value capture
• Challenged with their own specific historical, political, economic and institutional context in their city to apply the principles learned in the course

Module description
Land value capture has been used by cities for a long time. What is innovative with land value capture is the rebirth of the topic because, on the one hand other financial alternatives encounter difficulties in coping with the increasing need for urban infrastructure and, on the other because land values are rising in many cities and there is potential for tapping them. As Carl S. Shoup expressed in his well known anomaly: “Why is it so difficult to finance public infrastructure given that the increase in urban land value is much greater than the cost of the infrastructure”. In any case the backlog that many cities are facing regarding infrastructure provision is creating pressure to think about innovative ways to overcome the anomaly. 

In this module, we will engage in two role-playing games as pedagogic tool - a Land Court game and the Plus Value game. The learning objectives will be achieved  through the interactive participation of the group in these two games played online.

At the end of the module the participant should have:

• Realized how the value of land derives from the use of land and how it pulls its price up, and to what extent infrastructure enables such use and therefore influences demand.
• Realized how the value of land is shared between the land owner who controls access to land and the enabler that creates the infrastructure (a government agency in most cases).
• Notice the extent to which specific land value capture instruments channel resources to finance infrastructure.
• Recognized that land value capture as a source of revenue for financing infrastructure and other public programmes is a controversial issue.
• Acquired skills to deal with issues at the conceptual, political and managerial level when designing, negotiating and implementing land value capture policies and instruments.

Who is it for?
Mayor's advisors, finance department staff, economic development department staff, infrastructure departments (water, roads, etc.) staff, land developers, urban real estate consultants, and academics. 

Admission Requirements
Admission to the course is restricted to those applicants who fulfill at least one of the following criteria:

• Experience in the practice of urban management;
• Experience in teaching or research in the field of urban management
• Prior knowledge of use of Microsoft Excel spreadsheets.