Pricing Upzoning: The Case For and Against Value Capture
In the opening paper of this forum on the topic of mass upzoning, Cameron Murray and Joshua Gordon argue that governments around the world can, and should, retain the value created when such a policy is adopted. In their responses, land use and zoning scholars Casey Dawkins, Minjee Kim, Paavo Monkkonen, and Harley Etienne challenge these arguments by highlighting the important contextual factors to consider at the national and sub-national levels when studying the merits of mass rezoning and any public goals assigned to such an effort. Finally, in a rejoinder, Murray and Gordon highlight a point on which all the respondents agree: that the value generated by upzoning represents an important opportunity, even if the means of capturing it for the public may be different, and more or less feasible, from place to place.
Edited by
George Galster(Wayne State University, USA)