The calculative turn in land value capture: Lessons from the English planning system

McAllister, Patrick

doi:10.1016/j.landusepol.2017.01.002

Cited by 45 publications

(20 citation statements)

References 18 publications

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“…However, despite the attention on the penetration of finance within urban governance, it is surprising that few scholars have considered the role of the planning system in shaping, and being shaped by, financial markets and actors (Siemiatycki and Siemiatycki, ; McAllister, ). As the regulator of development outcomes, planning has a clear role in directing the flow of interest‐bearing capital in the built environment, yet few have considered planning's role within wider processes of financialized urban development.…”

Section: Financialization Neoliberal Urbanism and The Planning Systemmentioning

confidence: 99%

Financialization, Urban Governance and the Planning System: Utilizing ‘Development Viability’ as a Policy Narrative for the Liberalization of Ireland's Post‐Crash Planning System

Waldron¹

2019

Int J Urban Regional Res

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Drawing upon the Irish case, this article explores the interaction between the financialized economy and the urban planning system. While considerable scholarship has examined the financialization of real estate, it remains unclear how planning systems are being repurposed to facilitate a finance-led regime of urban growth or how the 'real estatefinancial complex' seeks to enact planning policy transformations that support its interests. This article explores how such actors have advanced the concept of 'financial viability of development' as a means of influencing the post-crisis re-regulation of Irish planning policy. This group has argued that housing construction in post-crash Ireland is unviable given the high development finance costs, onerous planning gain contributions and the lack of development certainty in the planning process. As such, housing construction has been at an all-time-low, leading to a new crisis in affordable housing provision. In response, a complicit state has further liberalized the planning system, introducing an array of policies that are evermore facilitative of development interests. Empirical findings, based on interviews with developers, lobbyists and planners, emphasize the importance of informal access to policymakers, the wielding of 'expert knowledge' and media management to co-opt the state into adopting financial viability within planning policymaking.

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Section: Financialization Neoliberal Urbanism and The Planning Systemmentioning

confidence: 99%

Financialization, Urban Governance and the Planning System: Utilizing ‘Development Viability’ as a Policy Narrative for the Liberalization of Ireland's Post‐Crash Planning System

Waldron¹

2019

Int J Urban Regional Res

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“…It was also in the face of recent robust technical criticism of the residual method and mounting evidence of its proneness to gaming by developers to reduce levels of POs (Crosby and Wyatt, 2016;McAllister, 2017).…”

Section: The Evolution Of a Neo-liberal Approach To Land Value Capturementioning

confidence: 99%

Change in the political economy of land value capture in England

Catney¹,

Henneberry²

2019

Town Planning Review

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Variations in the character, performance and impact of policies and practices to capture land value for the community are usually examined by analysing experience in different countries. Such international comparative research is cross-sectional and does not cover the evolving relations between systems of land value capture and the economies, polities and societies within which they are set. The paper examines the relations in England between the extant political economy and supporting ideologies, and the distinctive forms of land value capture that they produced. It traces the shift from a top-down, strategic approach in an era of corporatist government before 1979 to the subsequent extension and consolidation of bottom-up practice set within the context of neoliberalism. The analysis highlights the evolution of the idea of land value capture and the policies and practices associated with it, especially the contestation that informed such changes.

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“…The challenge to LPAs is therefore to secure policy levels of affordable housing with a representative mix of dwellings types that are distributed across sites. Development viability has emerged as an increasingly important material consideration in the planning system and it presents a significant barrier to the delivery of mixed communities (McAllister, 2017). Planning obligations are the main mechanism by which communities can capture part of the uplift in land value generated by the granting of planning permission and they are the principal method for delivering affordable housing as a public good.…”

Section: Mixed Communities In Waterfront Regenerationmentioning

confidence: 99%

“…Viability can be very sensitive to small changes made to developments costs and sales values (McAllister, 2007). Therefore, developers can estimate costs conservatively with large contingencies to negate or reduce the requirement to provide affordable housing (McAllister, 2017) and so undermine the delivery of public good, such as affordable housing. Research for Shelter has estimated that, since viability assessments became accepted practice after the original NPPF was published in 2012, the delivery of affordable homes by Section 106 agreements has fallen from 27,000 homes pa (52%) over the period 2007-12 to 17,000 pa (38%) over the period 2012-16 (Grayston, 2017, pp.12-13).…”

Section: Mixed Communities In Waterfront Regenerationmentioning

confidence: 99%

The delivery of mixed communities in the regeneration of urban waterfronts: An investigation of the comparative experience of Plymouth and Bristol

2019

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The calculative turn in land value capture: Lessons from the English planning system

Cited by 45 publications

References 18 publications

Financialization, Urban Governance and the Planning System: Utilizing ‘Development Viability’ as a Policy Narrative for the Liberalization of Ireland's Post‐Crash Planning System

Financialization, Urban Governance and the Planning System: Utilizing ‘Development Viability’ as a Policy Narrative for the Liberalization of Ireland's Post‐Crash Planning System

Change in the political economy of land value capture in England

The delivery of mixed communities in the regeneration of urban waterfronts: An investigation of the comparative experience of Plymouth and Bristol

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