Ep 08: Exactions and Value Capture with Minjee Kim

Many local governments seek to extract public benefits, such as open space and low-income housing units, from new development. These benefits are often negotiated during the project approval process, or they may be tied to local zoning changes that allow for taller or denser development. How best should cities go about this process of “value capture”? Should they do it at all? Dr. Minjee Kim of Florida State University joins us to talk about Seattle and Boston’s very different approaches to value capture and “public benefit exactions,” and what lessons they hold for planners and advocates in other cities.