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Tax-based Mechanisms in Urban Regeneration: Dublin and Chicago Models

Author

Listed:
  • Stanley McGreal

    (School of the Built Environment, University of Ulster at Jordanstown, Newtownabbey, County Antrim, BT37 OQB, Northern Ireland, ws.mcgreal@ulst.ac.uk)

  • Jim Berry

    (School of the Built Environment, University of Ulster at Jordanstown, Newtownabbey, County Antrim, BT37 OQB, Northern Ireland, jn.berry@ulst.ac.uk)

  • Greg Lloyd

    (School of Town and Regional Planning, University of Dundee, Dundee, DD1 4HT, UK, m.g.Lloyd@dimdee.ac.uk)

  • John McCarthy

    (School of Town and Regional Planning, University of Dundee, Dundee, DD1 4HT, UK, j.p.mccarthy@dundee.ac.uk)

Abstract

The increasing interest in the potential use of fiscal incentives as a mechanism for stimulating urban renewal has been highlighted by a number of influential policy sources. This paper assesses the application and outcomes of tax-based incentives in urban regeneration, with particular focus upon the differing models represented by Dublin (Ireland) and Chicago (USA). Issues considered include utilisation of tax incentives, drawing-down of benefits, role of actor groups, ability to lever private-sector finance, impact on property market performance and wider economic influences. Conclusions advance the case for tax-based mechanisms as an instrument in the delivery of urban regeneration but stress the need for complementary structures to exploit fully the fiscal incentives.

Suggested Citation

  • Stanley McGreal & Jim Berry & Greg Lloyd & John McCarthy, 2002. "Tax-based Mechanisms in Urban Regeneration: Dublin and Chicago Models," Urban Studies, Urban Studies Journal Limited, vol. 39(10), pages 1819-1831, September.
    • Handle: RePEc:sae:urbstu:v:39:y:2002:i:10:p:1819-1831
    DOI: 10.1080/0042098022000002975
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    References listed on IDEAS

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    1. Gavin A. Wood, 1990. "The Tax Treatment of Housing: Economic Issues and Reform Measures," Urban Studies, Urban Studies Journal Limited, vol. 27(6), pages 809-830, December.
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    Cited by:

    1. John McCartney, 2012. "Short and long-run rent adjustment in the Dublin office market," Journal of Property Research, Taylor & Francis Journals, vol. 29(3), pages 201-226, April.

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