Public value capturing in urban renewal: the fikirtepe case (Istanbul, Turkey)
| Autor: | Sevkiye Sence Turk, Sezen Tarakci |
|---|---|
| Přispěvatelé: | İstanbul Kent Üniversitesi, Fakülteler, Sanat ve Tasarım Fakültesi, İç Mimarlık Bölümü, Tarakçı, Sezen |
| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Předmět: |
Value (ethics)
Public economics Turkey business.industry Public value capture 05 social sciences Geography Planning and Development Istanbul turkey Public sector 0211 other engineering and technologies 0507 social and economic geography Fikirtepe Urban renewal Public institution Developing country Distribution (economics) Value distribution 021107 urban & regional planning Scenario 02 engineering and technology Urban Studies Human geography Public value business 050703 geography |
| Popis: | Public Value Capture (PVC) refers to the capture of the value created through the efforts of public bodies rather than from those of private landowners. However, this value obtained is not always distributed to public sector stakeholders, especially in developing countries. This requires the questioning of beneficiaries of value increases resulting from these investments. The article aims to analyse the public value capture capacity by focusing on an urban renewal project in Istanbul (Turkey) and to question the distribution of the values obtained among different actors in a detailed way. The study is based on a scenario with defined assumptions, by taking into consideration interviews with different actors, and the legal and institutional framework in the Fikirtepe renewal project in Istanbul (Turkey). The findings of the study demonstrate that landowners, who enjoy the greatest gain in the urban renewal project, did not actually contribute to public value capture, while developers bear most of the risks. Also, the findings show public institutions remain ineffective in capturing the increased value from urban renewal. © 2021, The Author(s), under exclusive licence to Springer Nature B.V. |
| Databáze: | OpenAIRE |
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