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Land-use agreements when the developer is not sure of infrastructure costs

Author

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  • Leon Taylor

    (Dillard University)

Abstract

Planners wish to avoid a lawsuit by the developer over their cost estimates of the public works required by his project. To avoid a suit, they can offer him his choice of several sets of conditions that would attach to land-use permits. In computer simulations of five such short- and long-term contracts, the developer chooses a ``development agreement" -- characterized here as a long-term contract in which the developer pays an impact fee and obtains a freeze on taxes and regulations -- in more than 97\% of the cases.

Suggested Citation

  • Leon Taylor, 1998. "Land-use agreements when the developer is not sure of infrastructure costs," Public Economics 9810005, University Library of Munich, Germany, revised 19 Apr 2003.
    • Handle: RePEc:wpa:wuwppe:9810005
    Note: Type of Document - LaTex; prepared on IBM PC ; to print on HP;
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/pe/papers/9810/9810005.doc.gz
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    References listed on IDEAS

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    1. Leon Taylor, 1991. "Deceptive Developers, Competitive Zoning Boards, And The Asymmetry Of Information," The Review of Regional Studies, Southern Regional Science Association, vol. 21(3), pages 261-275, Fall.
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    Cited by:

    1. Leon Taylor, 1998. "When will the developer pay an impact fee?," Public Economics 9810004, University Library of Munich, Germany, revised 19 Apr 2003.

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    1. Leon Taylor, 1998. "When will the developer pay an impact fee?," Public Economics 9810004, University Library of Munich, Germany, revised 19 Apr 2003.

    More about this item

    Keywords

    land use;

    JEL classification:

    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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