000			01821nab a2200277 4500
999			_c11582 _d11582
003			OSt
005			20210330105046.0
007			cr aa aaaaa
008			210330b ||||| |||| 00| 0 eng d
100			_aAveline-Dubach, Natacha _945528
245			_aPolitical economy of transit value capture: The changing business model of the MTRC in Hong Kong
260			_bSage, _c2019.
300			_aVol 56, Issue 16, 2019(3415-3431 p.)
520			_aThe 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.
650			_abuilt environment, _945529
650			_agovernance, _945023
650			_ainfrastructure,关键 _945511
650			_a land use, _943495
650			_aland value capture, _945530
650			_areal estate, _945513
650			_a transport _945531
700			_aBlandeau, Guillaume _939996
773	0		_011188 _915499 _dsage, 2019. _tUrban studies
856			_uhttps://doi.org/10.1177/0042098018821519
942			_2ddc _cART