What value for the right to develop: public sector choices to finance urban development and the project Vila Leopoldina.
This research project aims to create a better understanding of the public management of additional development rights (known as solo criado in the Brazilian context) structured around the objective to finance cities and large urban redevelopment projects. This includes an analysis of the evolution from land value capture to a perspective according to which the instrument is expected to represent the main (if not the only) source of discretionary municipal funding for redevelopment, thereby reducing inequalities and dealing with infrastructure deficiencies.
As such, the project is expected to (i) explore -both empirically and theoretically- the different experiences that have been implemented in Brazil, with an emphasis on the cities of Rio de Janeiro and São Paulo; and to (ii) implement a case study on the urban redevelopment project of Vila Leopoldina (Legislative Proposal No 428/2019),as an unprecedented and most recent expression of the management of additional building rights as an instrument to finance urban development.