Entrepreneurial Land Redevelopment Approach: Land Readjustment

About this course 

This course examines and presents processes of designing and implementing land readjustment for urban development in the context of developing countries. The conventional approaches to land assembly for city expansion and renewal are often conflict-ridden. Land readjustment is an alternative land-assembly approach to government compulsory purchase (often referred to as eminent domain) and voluntary market transaction. In the land readjustment process, a public or private agency invites property owners to become stakeholders in a redevelopment project and to contribute their lands to the project as investment capital. In return, each property owner receives a land site of at least equal value in the vicinity of the original site upon project completion. Hence, the method discourages holdouts and minimizes massive relocation of existing residents.