new communities, public use, land development, financing
New communities have long been celebrated as models for increased order and quality in the process by which rural land is brought into urban use and urban land into more intensive use. At the community level, innovations may be more readily tested in new communities rather than in existing settlements. While much attention has been focused upon innovations in technological and social systems, little attention has been given to institutional and financing innovations. Nonetheless, new institutional and financing techniques have been quietly introduced in the development of new communities. The most significant of these innovations address the problem of assuring the acquisition of capital in the improvement of land for public use. Initially, these innovations have been directed at public service facilities usually classified as amenities. However, they may also serve as alternative vehicles for the development of more traditional public services and facilities. This Article will survey several modes of financing the development of new communities. It will examine the relationship between private developers and state and local governments in this development process, and it will also consider the federal government's role in stabilizing the development process of new communities.
Institutional Innovation in New Towns: The Dual Developer Concept,
4 Fordham Urb. L.J. 65
Available at: https://ir.lawnet.fordham.edu/ulj/vol4/iss1/2