The document discusses various land value capture strategies used in different regions, including San Francisco's development impact fees, Chicago's charges on building rights, and Brazil's auction pricing for floor area ratios. Each method generates significant funds for public investment, with specific outcomes detailed such as San Francisco's $423 million yield and Brazil's multi-billion dollar contributions for urban development. Additionally, it highlights Colombia's betterment contributions and Japan's land readjustment as successful examples of collaborative urban funding mechanisms.

1. LAND VALUE CAPTURE: EXAMPLES
DATE | PRESENTER(S) |
CONTACT INFORMATION
Lourdes German
Director, International & Institute-wide Initiatives
Lincoln Institute of Land Policy
lgerman@lincolninst.edu
April 2018

2. New York: Transfer of Development Rights
Synopsis: Acquisition of TDRs from landmarked buildings in 78 block zone
Select Outcome: Expected Yield for Public Improvement Fund is $20 million USD
Sources: Photo © Wall Street Journal; TDR Figures Gerald Korngold

3. San Francisco: Development Impact Fees
Synopsis: Monetary exactions charged to developers as a condition of development approval
Select Outcome: Yield for Public Investment - $423 million USD (FY 13-16)
Sources: Photo © City of San Francisco; Impact Fee Figures Lourdes German & Allison Bernstein; City of San Francisco, FY2014-15 & FY2015-16 Biennial Development
Impact Fee Report

4. Chicago: Charges on Building Rights
Synopsis: 2016/2018 zoning
amendments enable sale of
Floor Area Ratio (via
Formula)
Select Outcome: Revenues
allow investment in:
• Neighborhood
Opportunity Fund (80%)—
underserved
neighborhoods
• Landmark Fund (10%)—
restoration of landmarks
• Local Impact Fund
(10%)—public
improvements within 1
mile of development site
Sources: Photo © City of Chicago; ESRI;
Figures City of Chicago; Gerald Korngold

5. Brazil: CEPACS/Outorga Onerosa do Direito de Construir
Synopsis: National
Constitution of
1988, Brazil’s
Federal Law
10,257/2001; Pricing
of Floor Area Ratio
via Auction
Mechanism
Select Outcome:
Generates billions
for investment in
urban operations –
bus terminals,
parks, green areas,
transportation
corridors, slum
regularization,
drains, etc.
Sources: Photo © ArchiTravel;
Information Martim Smolka, Lincoln
Institute of Land Policy

6. Colombia: Betterment Contributions
Synopsis: Owners
of select properties
pay the municipality
a fee, which defrays
the cost of a public
improvement or
service from which
the owner
specifically
benefits.
Select Outcome:
Manizales, Colombia
used a single levy
imposed on 80% of
the City’s properties
to collect $24.6m
USD to finance
urban regeneration
Sources: Photo of Palogrande Stadium
Area © Tripadvisor;
Information Oscar Borrero Ochoa;
Lincoln Institute of Land Policy (Data is
for years 2008-2011)

7. Japan: Land Readjustment
Synopsis:
Landowners act
collectively (with a
municipality or
developer) to pool land
to accomplish a
redevelopment project.
Each land owner
receives a new parcel
that is a smaller holding,
but which has a greater
due to the
improvements made on
the land when the
redevelopment is
complete.
Select Outcome:
Greater Tokyo Railway
Large Scale
Redevelopment – Land
Readjustment was used
to assemble rights of
way.
Sources: Photo © Kampai
Japan.com; Information J.
Murakami

8. THANK YOU
DATE | PRESENTER(S) |
CONTACT INFORMATION