Land: Value to Capture?

Land: Value to Capture?

Dr. Zahirovic-Herbert will share her desk-based research into internationally applied Land Value Capture, LVC, mechanisms. This research has been conducted with her colleague, Richard Dunning of the University of Liverpool, and supported in part by a research grant from the Land Economics Foundation (LEF). Their main goal was to understand the stakeholder's perspectives on how LVC contributes to the theory of development and how it supports the creation of evidence-based policy in the area of planning obligations and developer contributions. This was to be archived by contrasting stakeholder attitudes and behaviors towards existing and alternative hypothetical LVC mechanisms in three global comparative case studies. The first case study was that of the Atlanta BeltLine. This project highlights the use of tax increment financing (TIF), known in Georgia as a tax allocation district (TAD), for a multimodal project that includes roadway improvements, bike lanes, pedestrian paths, and transit, in addition to the development of green space and other amenities. 
Unfortunately, as higher education institutions limited in-person activities and human-subject research due to COVID-19, this research took a different shape. Their desk-based study focused on the larger concept of spatial inequalities and resulted in a virtual symposium on the same topic. Dr. Zahirovic-Herbert will share critical insights from the seminar.  

Velma Zahirovic-Herbert Velma Zahirovic-Herbert is the Martha and Robert Fogelman Family Chair in Sustainable Real Estate and Professor of Real Estate at the University of Memphis. Her current research focuses on housing markets, neighborhood change and growth, and the applications of consumer behavior theories to real estate brokerage. She has published extensively in both real estate and urban economics journals on these and similar topics. She is a managing editor of the Journal of Housing Research and the editorial board member of the Journal of Real Estate Literature and the Journal of European Real Estate Research. Velma is an active member of the American Real Estate Society, where she co-chairs the ARES women's caucus group, C-WI(RE)2, Connecting Women in Real Estate Research & Education.