This study examined urban development projects that inevitably proceed to meet residential convenience and a pleasant residential environment in modern society. In particular, the problems were reviewed through the LH incident and the Daejang-dong inc...
This study examined urban development projects that inevitably proceed to meet residential convenience and a pleasant residential environment in modern society. In particular, the problems were reviewed through the LH incident and the Daejang-dong incident, which have recently become social issues, and the focus was on how to improve these problems. In particular, based on the public concept of land, a new plan was sought to return the increase in land value due to urban development and infrastructure formation to citizens, not individuals or organizations.
When the citizen return system of development profits is realized, development profits will be fully recovered, and construction companies that participated in the project will take construction profits, financial institutions will take interest income, and service companies will take service profits. However, the implementer has a problem of what revenue is. In other words, as a solution to the question of what driving the implementer to promote the project, it was intended to seek fair performance tasks by paying incentives for the implementer’s participation in the project.
This is considered to be a way to prepare an institutional mechanism for future urban development projects with citizens by taking advantage of the LH crisis and Seongnam Daejang-dong incident, which have recently raised problems.