Leveraging Public Land Development Initiatives for Private Gain: The Political Economy of Vacant Land Speculation in Phoenix, Arizona

Stanley Benjamin W.

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Leveraging Public Land Development Initiatives for Private Gain: The Political Economy of Vacant Land Speculation in Phoenix, Arizona

机译：利用公共土地开发计划谋取私利：亚利桑那州凤凰城空置土地投机的政治经济学

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Land speculation has been an integral component of the political economy of land development in American urban history. In the American Sunbelt, land speculation occurs amid progrowth governance regimes that engage in intermunicipal competition for capital investment. This article presents a mixed-methods case study of vacant land speculation in downtown Phoenix, Arizona, before, during, and after the mid-2000s property boom. Results indicate that land speculation represented a significant barrier to both public and private infill development efforts, and that some municipal development initiatives actually facilitated private speculative profits. Speculative strategies are enabled when weaknesses in the coordination and bargaining power of urban growth regimes, derived from conflict within and between governmental scales, can be exploited by individual market actors. The self-propulsive nature of speculative property market cycles, unconstrained by local regimes increasingly dependent on nonlocal capital investment, represents an autonomous force actively orienting entries into property markets and influencing the ability to enact sustainable infill development.

机译：土地投机一直是美国城市历史上土地开发政治经济学不可或缺的组成部分。在《美国太阳带》中，土地投机发生在参与政府间竞争资本投资竞争的增长治理制度中。本文介绍了在2000年代中期房地产繁荣之前，之中和之后，亚利桑那州凤凰城空置土地投机的混合方法案例研究。结果表明，土地投机活动是公共和私人填埋开发工作的重大障碍，并且某些市政发展计划实际上促进了私人投机活动的获利。当个别市场参与者可以利用因政府规模内部和政府之间的冲突而导致的城市增长机制的协调和议价能力方面的弱点时，便可以启用投机策略。投机性房地产市场周期的自我推动性，不受越来越依赖于非本地资本投资的地方政权的束缚，代表着一支自主力量，积极地引导进入房地产市场，并影响制定可持续的填充发展的能力。

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《Urban affairs review》 |2016年第4期|559-590|共32页
作者
Stanley Benjamin W.;
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Arizona State Univ, Sch Human Evolut & Social Change, Tempe, AZ USA|Arizona State Univ, Sch Sustainabil, POB 875502, Tempe, AZ 85287 USA;

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正文语种 eng
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关键词
land speculation; urban regime; infill development; land-use policy; urban sustainability;

机译：土地投机;城市制度;填充发展;土地利用政策;城市可持续性;

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Leveraging Public Land Development Initiatives for Private Gain: The Political Economy of Vacant Land Speculation in Phoenix, Arizona

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