Alain Bertaud: Urban Zoning Regulations
Mitigating Negative Externalities or Designing Cities by Proxy?
New York, NY 10011
Please join us for a seminar titled, "Urban zoning regulations: mitigating negative externalities or designing cities by proxy?" with Alain Bertaud, Senior Research Scholar at the Marron Institute and former principal urban planner at the World Bank.
Originally, the objective of zoning regulations was to prevent or decrease what economists call negative externalities—nuisances caused to neighbors by the bulk of buildings or by activities taking place in private lots. During the last 50 years, a new approach to zoning has emerged: relaxing restrictive regulations in exchange for a building design that the municipality deems to be in the public interest. The design of a city by regulations has a high cost for all new buildings, as the leverage on developers is directly proportional to the severity of the regulations applied to all but relaxed for a few.
To illustrate this point, Alain Bertaud will compare the different approaches to zoning regulations used in Paris, New York, Singapore and Tokyo.