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

Journal article (2019)

Authors

W.K. Korthals Altes OLD Geo-information and Land Development
Research Group
OLD Geo-information and Land Development
Copyright: © 2019 W.K. Korthals Altes
DOI: https://doi.org/10.1016/j.landusepol.2019.01.025
Amsterdam Real options Land development Urban governance Land assembly
More Info
expand_more

Published Date

2019

Language

English

Reuse Rights

Other than for strictly personal use, it is not permitted to download, forward or distribute the text or part of it, without the consent of the author(s) and/or copyright holder(s), unless the work is under an open content license such as Creative Commons.

Research Group

OLD Geo-information and Land Development

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.