Urban planning for city leaders
How can urban planning generate financial resources? As rapid urban growth exacerbates pressures on municipal budgets, the lack of resources may result in chaotic spatial patterns. Without adequate financial means local governments are unable to undertake the capital improvements needed to keep up with urban growth, let alone guide urban development. The challenge to deliver urban services for all whilst keeping taxes at a level that does not push out individuals and businesses highlights the importance to reach out to a variety of sources. In this setting, a city with strong urban planning and an engaged civil society and partners would be more capable to mobilise a resource base; it will be more investible than a city without direction. Capturing the value released from city extension and renewal is a way for local leaders to avail their cities of every opportunity to strengthen resources.
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