One of the most common mechanisms to accomplish this goals is known as tax increment finance. In ess
How can the benefits of future improvements be transmitted financially to the present day, so that they are economically viable in the period before they generate profit?
Therefore:
Create public bonds to capture future economic value and make it available to fund needed projects in the present, with a focus on public infrastructure, amenities and public spaces. Service the debt on the bonds with the added increment of public tax revenue that is projected from the new public and private improvements, conservatively estimated.
When … Redevelopment and new development projects like Urban Regeneration (p. 168) and Sprawl Retrofit (p. 165) need sources of revenue...
Then Use tax increment finance carefully with Land Value Tax (p. 182), since they can operate at cross purposes. For example, a dependence on property value tax to service debt of tax increment finance can make it difficult to implement land value tax. Therefore, it is better to rely on other streams of revenue than property tax to service tax increment finance ...
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