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2017/2018 Technology, Policy and Management Master Complex Systems Engineering and Management
Value Capturing Strategies and Urban Development
Module Manager
Name E-mail
Ir. H.W. de Wolff    H.W.deWolff@tudelft.nl
Name E-mail
Dr.ir. D.A. Groetelaers    D.A.Groetelaers@tudelft.nl
Prof.dr. W.K. Korthals Altes    W.K.KorthalsAltes@tudelft.nl
Ir. H.W. de Wolff    H.W.deWolff@tudelft.nl
Responsible for assignments
Name E-mail
Ir. H.W. de Wolff    H.W.deWolff@tudelft.nl
Co-responsible for assignments
Name E-mail
Dr.ir. D.A. Groetelaers    D.A.Groetelaers@tudelft.nl
Contact Hours / Week x/x/x/x
Education Period
Start Education
Exam Period
Course Language
This course of the B&S (Built environment and Spatial development) track deals with financial mechanisms behind urban (re)development.
Urban (re)development influences land prices in an area, on the short as well as on the long term. For urban (re)development, different kinds of investment are needed. Besides investments in the construction or the renewal of real estate, also investments in public services and public space are necessary.
Often, urban development takes place in a multi actor context, with different property owners, tenants, project developers, investors, the government as well as people living and working in de surrounding areas, companies, interest groups, etc. This multi actor context also changes, during the life cycle of a project.
As a consequence of this, costs and profits of urban (re) development often are not distributed equally amongst the different stakeholders having an interest in the development. This might lead to a suboptimal decision process, a less sustainable outcome and sometimes to a stalemate.
In which way can the rise of property values in urban (re)development be re-used within the project, to pay for the less profitable parts of the development, including the provision of merit goods like social housing and public goods like landscape elements, parks, infrastructure and parking facilities? Which strategies can be used by the government involved? How can be dealt with issues that might complicate such a strategy, like uncertainty within these projects, necessity of public accountability, protection of private ownership? How can value capturing be integrated in the management of urban areas? Which system boundaries or scale level needs to be taken into account: can value capturing help engineering metropolitan solutions?
Course Contents
The course focuses on analysing and designing strategies for value capturing for municipalities in urban (re)development. In the course, the following topics are addressed:
- strategies for value capturing in urban (re)development in multi-actor situations with private ownership to stimulate integrated development of an area, taking care that public facilities, public spaces, social housing and other less profitable parts of the development can be realised
- instruments that can be used within such a strategy for capturing the plus value and for equalizing the costs and profits amongst the different stakeholders, with a focus on legal and financial instruments, possible effects of these instruments and pitfalls
- learning from international experiences with regard to different strategies and instruments is an important element of this course.
In analysing and designing strategies and instruments, effectivity, efficiency, resilience, legitimacy, accountability and transparency are important concepts.
Study Goals
After completion of the course, the student is able to:
- summarize ifferent strategies and instruments for value capturing that can be used in (re)development projects
- identify different aspects that determine the potential of these strategies as well as that might be the pitfalls
- understand innovations in the field of value capturing taking into account the international context with regard to the experiences with value capturing
- assess a value capturing strategy
- design a proposal for (the improvement of) a value capturing strategy for urban (re)development projects, taking complex ownership and use rights and the role of the government into account.
Education Method
Interactive lectures, in which articles and cases are discussed.
Every week, a brief paper has to be written to prepare the lecture, based on the suggested literature and following indicated points of interest.
Literature and Study Materials
Literature published on blackboard.
The final grade is based on an individual assignment (paper) and an exam (open questions), both having equal weight. Each assessment element should be passed with a minimum grade of 5.75 before the final grade will be determined.
Prerequisite for obtaining a grade is a positive evaluation of participation, which is assessed on the brief preparation papers that should be handed in on time and be satisfactory.
This course is:
- one of the core modules of the Built environment and Spatial development track of the COmplex System Ebgineering and Management master
- free elective for for example the MBE track of Master Architecture, Urbanism and Building Sciences, the Master Construction Management and Egineering and the AMS-master.