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100			_aZoest, Simon Van and Daamen, Tom A. _949445
245			_aExplaining value capture implementation in New York, London, and Copenhagen: Negotiating distributional effects
260			_aUrban Affairs Review
300			_a 60(5), Sep, 2024: p.1349-1381
520			_aValue capture (VC) is widely cited as a method for local authorities to provide urban public goods to their cities in the face of fiscal stress. Its application in practice however remains limited. In this article, we aim to explain the implementation process of VC as a strategy to fund public transportation infrastructure through case studies in London, New York, and Copenhagen. Adopting a theory of gradual institutional change, we argue that the implementation of VC depends on the capacity to change distributional institutions that are inherently contested. Particularly relevant is the role of the beneficiary, whose support of VC is necessary but not likely. Our results show that a strategic urban development project can act as a driver to overcome this barrier, but that this driver can, simultaneously, also hinder the institutionalization potential of a VC strategy. We therefore suggest that, for VC strategies to become more commonplace, sharing value uplifts among beneficiaries must become more commonplace too.- Reproduced https://journals.sagepub.com/doi/full/10.1177/10780874231222174
650			_aInstitutional change, Physical ifrastructur3e, Urban development, Urban public polices Value capture. _949446
773			_aUrban Affairs Review
942			_cAR