The Impact of Large Landowners on Land Markets
The chapters in this volume examine the effect large landowners or institutions have on local land markets and the tensions that can arise between public and private interests. In the United States the large tracts of land held by private owners are often situated on the fringes of metropolitan areas. Frequently this land is in transition from agricultural to urban uses, and represents a source of income or a legacy for the next generation. Many universities and other non-profit institutions own large parcels of land and have a bargaining advantage in town-gown issues due to their contribution to the urban economy.
In Nigeria, like much of Africa, a considerable portion of land is held privately, albeit communally. Land ownership and land supply decisions have more to do with family or clan marriages than with the logic of city building.
This book, a result of the Lincoln Institute of Land Policys’ September 2006 conference, brings together experts who address the following land policy questions.
- What happens when one owner or one institution has significant control over the local land market?
- How do the actions of individual landowners affect our capacity to create cities that work for all?
- How well can these individual actors balance the competing interests of those living in neighborhoods, towns, cities, and regions?
Despite the tensions that can arise between the stakeholders during the development process, the tensions are not the problem. Rather, they are the challenge and the opportunity to collectively shape our cities.
About the Editor
Raphael W. Bostic is a professor in the School of Policy, Planning, and Development at the University of Southern California.
“Around the world, large landowners are significant players in economic development and land markets. Yet, remarkably little is known about their objectives when developing or selling their land, or the strategies they deploy when engaging with the community, planners, and land use regulators. Into this near vacuum study comes this excellent collection that sheds important light on the behavior or landowners in the United States and abroad.”
— Eric S. Belsky, Executive Director, Joint Center for Housing Studies of Harvard University
“This book offers the first in-depth look at planning and development issues related to large landowners within and at the edge of urban areas. The research represented in teh book is complex and provocative. This is an important read for scholars interested in the effects of the large landowner, whether private, public, or nonprofit, on neighborhoods and on broader urban development patterns.”
— Victoria Basolo, Ph.D., AICP, Associate Professor, University of California, Irvine; Editor, Journal of Urban Affairs