Planning initiative: Promoting development by the use of options in Amsterdam

Willem K. Korthals Altes

doi:10.1016/j.landusepol.2019.01.025

Planning initiative: Promoting development by the use of options in Amsterdam

Willem K. Korthals Altes

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Abstract

The development of existing urban areas is needed to prevent urban sprawl. Several factors, including land assembly holdouts and the option value of land, contribute to landowners’ lack of initiative to develop designated sites. Urban governance measures, however, may provide the necessary solutions. By implementing policies that promote inner-city development, i.e. by providing serviced plots for building development, urban expansion can be controlled to ensure that it does not result in a higher scarcity of land. This paper presents the case of Amsterdam, where policies ensure the timely securing of land appropriate for building and the use of option contracts to promote development. The results are discussed and their relevance to other contexts demonstrated.

Original language	English
Pages (from-to)	13-21
Number of pages	9
Journal	Land Use Policy
Volume	83
DOIs	https://doi.org/10.1016/j.landusepol.2019.01.025
Publication status	Published - 2019

Bibliographical note

Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care

Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 11 Sustainable Cities and Communities

Keywords

Land development
Real options
Urban governance
Amsterdam
Land assembly

Access to Document

10.1016/j.landusepol.2019.01.025

1-s2.0-S0264837718306094-mainFinal published version, 936 KB

Cite this

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title = "Planning initiative: Promoting development by the use of options in Amsterdam",

abstract = "The development of existing urban areas is needed to prevent urban sprawl. Several factors, including land assembly holdouts and the option value of land, contribute to landowners{\textquoteright} lack of initiative to develop designated sites. Urban governance measures, however, may provide the necessary solutions. By implementing policies that promote inner-city development, i.e. by providing serviced plots for building development, urban expansion can be controlled to ensure that it does not result in a higher scarcity of land. This paper presents the case of Amsterdam, where policies ensure the timely securing of land appropriate for building and the use of option contracts to promote development. The results are discussed and their relevance to other contexts demonstrated.",

keywords = "Land development, Real options, Urban governance, Amsterdam, Land assembly",

author = "{Korthals Altes}, {Willem K.}",

note = "Green Open Access added to TU Delft Institutional Repository {\textquoteleft}You share, we take care!{\textquoteright} – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.",

year = "2019",

doi = "10.1016/j.landusepol.2019.01.025",

language = "English",

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AU - Korthals Altes, Willem K.

N1 - Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.

PY - 2019

Y1 - 2019

N2 - The development of existing urban areas is needed to prevent urban sprawl. Several factors, including land assembly holdouts and the option value of land, contribute to landowners’ lack of initiative to develop designated sites. Urban governance measures, however, may provide the necessary solutions. By implementing policies that promote inner-city development, i.e. by providing serviced plots for building development, urban expansion can be controlled to ensure that it does not result in a higher scarcity of land. This paper presents the case of Amsterdam, where policies ensure the timely securing of land appropriate for building and the use of option contracts to promote development. The results are discussed and their relevance to other contexts demonstrated.

AB - The development of existing urban areas is needed to prevent urban sprawl. Several factors, including land assembly holdouts and the option value of land, contribute to landowners’ lack of initiative to develop designated sites. Urban governance measures, however, may provide the necessary solutions. By implementing policies that promote inner-city development, i.e. by providing serviced plots for building development, urban expansion can be controlled to ensure that it does not result in a higher scarcity of land. This paper presents the case of Amsterdam, where policies ensure the timely securing of land appropriate for building and the use of option contracts to promote development. The results are discussed and their relevance to other contexts demonstrated.

KW - Land development

KW - Real options

KW - Urban governance

KW - Amsterdam

KW - Land assembly

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DO - 10.1016/j.landusepol.2019.01.025

M3 - Article

SN - 0264-8377

VL - 83

SP - 13

EP - 21

JO - Land Use Policy

JF - Land Use Policy

ER -

Planning initiative: Promoting development by the use of options in Amsterdam

Abstract

Bibliographical note

UN SDGs

Keywords

Access to Document

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