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See, that’s what the app is perfect for.

Sounds perfect Wahhhh, I don’t wanna
argumate
shuffling-blogs

What if a (new) city kept all land as municipal property, but auctioned n-year ground leases. Furthermore, bids could have conditions on them, such as public availability of amenities like bathrooms, amount of commercial storefront space available, etc. Other parties, such as neighbouring leaseholders or residents, could contribute to bids that provided benefits to them, and avoid contributing to bids that were harmful, to help internalize those sorts of externalities. 

To ensure compensation for improvements on the land, on lease expiry, run two sets of auctions, one with all bids conditional on demolishing the existing improvements, and the other without that restriction. The demolition-conditional amount goes to the city, and the difference between that and the most successful bid that doesn’t condition on demolition goes to the previous leaseholder.

I haven’t checked this for exploits, like, at all, and my intuition says there probably are some. Also, allowing conditional bids would end up being complex and combinatorial; I’m not volunteering to write the software for that sort of auction system. But it seems like it’s potentially neat. 

argumate

centralised zoning by a non-state entity that owns all the land; and I heard a sound as of a million Libertarians screeching

mitigatedchaos

Daily reminder that in the highly capitalist and efficient city-state of Singapore, over 80% of residents live in housing leased from the state.

Source: its-okae-carly-rae urban planning singapore