land value capture

Land value capture is a policy approach that enables governments to recoup the increased value of land caused by public investments, such as new infrastructure or urban development. When a new subway station or park is built, surrounding land often becomes more valuable. Through tools like taxes or special assessments, governments can capture part of this increased value to fund future public projects or services. This process helps ensure that the benefits of public investments are shared with the community, making it a financially sustainable way to support urban growth while addressing inequalities.