2. WHAT CAN VALUE CAPTURE ACCOMPLISH?
If properly planned and implemented value capture increases public revenue and controls land use. It accomplishes the latter by promoting densification, compaction, integration, and more equitable and sustainable development, and by discouraging urban sprawl and speculation.
Value capture regulates land markets and reduces price escalation. It brings about intensive and efficient use of land in areas close to infrastructure and services and discourages vacant and under-utilised land possession in prime locations.