Urban Finance

This lecture explores the challenges faced by cities in financing infrastructure, the mechanisms available to increase local revenues, and the impact of urban planning on local finances. It discusses the importance of capturing informal economic activities, taxing property and economic activities, and leveraging land value to fund infrastructure projects. The lecture emphasizes the interconnection between urban planning decisions and local finances, highlighting the need to balance investment costs with revenue generation. It also addresses the role of urban planning in fostering economic development by providing suitable land and infrastructure. Additionally, it examines the significance of accessibility in attracting economic activities and the relationship between urban planning, urbanization costs, and financial sustainability.