Political economy of transit value capture: The changing business model of the MTRC in Hong Kong (Record no. 11582)

MARC details
000 -LEADER
fixed length control field 01821nab a2200277 4500
005 - DATE & TIME
control field 20210330105046.0
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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Aveline-Dubach, Natacha
245 ## - TITLE STATEMENT
Title Political economy of transit value capture: The changing business model of the MTRC in Hong Kong
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Name of publisher, distributor, etc Sage,
Date of publication, distribution, etc 2019.
300 ## - PHYSICAL DESCRIPTION
Pages Vol 56, Issue 16, 2019(3415-3431 p.)
520 ## - SUMMARY, ETC.
Summary, etc The mechanism of land value capture (LVC) for financing urban transport, which supports the cost of transit infrastructure through the revenues of land and property, has generated a substantial body of research. However, the literature on transit-related LVC has paid little attention to the politics and strategies of value capture. This article intends to shift the focus towards the governance of LVC, based on the case study of the Mass Transit Railway Corporation (MTRC) in Hong Kong. It argues that the evolving balance of power within Hong Kong’s growth coalition has entailed a transformation of the MTRC’s business model, prompting the transit agency to shift from the development of new real estate projects to the management of existing property assets. This work provides empirical evidence of an emerging ‘management-based’ value capture strategy, which is adapted to steady or slow growing urban contexts.
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Subject built environment,
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Subject governance,
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Subject infrastructure,关键
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Subject land use,
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Subject land value capture,
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Subject real estate,
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Subject transport
700 ## - Added Entry Personal Name
Added Entry Personal Name Blandeau, Guillaume
773 0# - HOST ITEM ENTRY
Host Biblionumber 11188
Host Itemnumber 15499
Place, publisher, and date of publication sage, 2019.
Title Urban studies
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier https://doi.org/10.1177/0042098018821519
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Koha item type Articles
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