본문 바로가기
  • Home

Case Studies of Local Governments’ Public Property Development and Policy Implications: Focusing on the Public and Private Participation Approaches

김주진 1 Ryu Dongju 2

1
2토지주택연구원

Accredited

ABSTRACT

While urban regeneration projects have been executed, the need for efficient use of state and public property has also been increased. This study analyzes the local governments’ public property development cases through each public and private participation approach, and examines the main characteristic, issues and policy implications for public property developments. The main results based on the case studies are as follows: first, in case of public entrusted development, it is the most necessary to provide clear rules on appropriate cost recovery for public trustee. Second, under the reliant cooperation between local government and private developer, the private participation development through sale or leasehold of LGP can also be an execution alternative for vest expenses policy projects. In this case, local governments’ clear visions and goals for public property use direction are the fundamental conditions. The various supports for private developments’ performance are also required. And the last, in both approaches, it is important to establish a rational and reasonable development plan based on pre-demand diagnostics and strategies attracting tenants for cost-recovery risks minimization.

Citation status

* References for papers published after 2022 are currently being built.