The Art of Building a Garden City

The Financial Foundation

of New Garden Cities

U

nderstanding approaches to

financing new garden cities requires

that we learn from the original

experiments and the financial flexibility,

but also vulnerability of the postwar new

towns (both explored in Part 1). Land-value

capture, as set out in Chapter 3, remains

an important part of the finance and

delivery of new garden cities. In today’s

context, there are three core principles that

underpin this financial model (Box 9.01):

These three core principles of the garden

city financial model are explored further

below.

Capturing and sharing the

uplift in land values

It is important to understand that land- ...