Political economy of transit value capture: The changing business model of the MTRC in Hong Kong (Record no. 11582)
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fixed length control field | 01821nab a2200277 4500 |
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control field | 20210330105046.0 |
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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 |
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Uniform Resource Identifier | https://doi.org/10.1177/0042098018821519 |
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Koha item type | Articles |
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