CHAPTER 12
Financing
Overall
The basic financial equation for funding future urban development will be as it is already starting, geared to the user-pays principle. No matter how brilliant an urban development strategy is, it is of no use at all unless it can be financed. From an overall government perspective, there will never be sufficient money to do everything on a “wish list” to keep everyone happy. Consequently, there is a need to first work out clearly what a government might plan to include on its “wish list,” test these aspirations against what best suits the target population, fit them within a political model and the prevailing legal system, and then look at how to fund it. One of the problems with the model is in the separation of ...
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