Planning, connecting, and financing cities—now
This report provides Mayors and other policymakers with a policy framework and diagnostic tools to anticipate and implement strategies that can prevent their cities from locking into irreversible physical and social structures. At the core of the policy framework are the three main dimensions of urban development. Planning — Making land transactions easier, and making land use regulations more responsive to emerging needs, especially when coordinating land use planning with infrastructure, natural resource management, and risks from hazards; Connecting — Making a city's markets (for labor, goods, and services) more accessible to neighborhoods in the city and to other cities. Here the focus is also on investing in public transport and pricing private transport fully; and Financing — Enabling a city to leverage its own assets to finance new assets, for example, through land value capture; establishing creditworthiness for local governments and utilities so they can access domestic debt and bond markets; and setting clear and consistent rules to attract private investors to create jobs in cities.