Capturing Value and Preserving Identity

Capturing Value and Preserving Identity

FREE

This report, commissioned by the Global Cultural Districts Network (GCDN) and written by Kiley Arroyo aims to describe how a vetted suite of public finance tools and inclusive practices can help cultural districts and similar urban areas leverage existing assets to spur investment, create new revenue streams and advance equitable development. The report covers a wide range of potential value capture tools, illustrated by international case studies. The report concludes with a discussion of equitable asset-building focusing on using value-capture tools to advance equity and promote broad-based community wealth, guided by core principles and good practices. While this research project had been commissioned and was already well underway when the Covid-19 pandemic struck, the role of the health crisis in revealing the extent to which many communities lack resilience and equitable access to vital resources seem to render this topic even more timely.

Download the executive summary here.

Category:
000