Compensation, risks, and efficiency
Document Type
Journal article
Source Publication
Planning and Development
Publication Date
1-1-1991
Volume
7
Issue
2
First Page
61
Last Page
62
Publisher
The Hong Kong Institute of Planners
Abstract
In this paper, I would like to discuss two concepts related to compensation: transferrable development rights, and warranted compensation price. I recommend consideration of these two instruments as a way of changing the risk environment for developers without any extra burden to taxpayers.
Additional Information
Note: This article is adopted from a paper presented at the Forum on the Practical Implementation of the Planning Ordinance on 7 January 1992 organized by the Pacific Rim Council on Urban Development.
Language
English
Recommended Citation
Ho, L. S. (1991). Compensation, risks, and efficiency. Planning and Development, 7(2), 61-62.