Land, Real Estate and Development

The purpose of this research is to examine the relationships between land, land use, real estate, the process of development, and the social implications which arise from these various

interrelated aspects. The primary source of the research will be R.W.G. Bryant's Land, Private Property, Public Control.

Related closely to Bryant's chapter "Ownership and the Growth of cities" is F. Stuart Chapin Jr.'s "Selected Theories of Urban Growth and Structure," from the Larry S. Bourne edited Internal Structure of the City. Both pieces deal specifically and

theoretically with the dynamics, structures, and underlying assumptions and goals of urban design and expansion.

Bryant sets the tone for his examination of the modern city and its inevitable growth and multiple utilization: "The tissue of a city is the product of a myriad of individual decisions by individual citizens decisions to invest, to buy or sell a piece of land, to build, renovate, or rent a building, and so on (Bryant, 1972, p. 171).

In other words, ultimately, the success of land use and

development in the urban environment depends on the unification of design structures, systems, and goals of those individuals who are responsible for that use and development. If the

individuals so responsible are disunited, either consciously at odds with one another or merely disassociated through greed or poor planning, the city will ultimately suffer, sooner or later, as the evolution of that city's development occurs. Po

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s us now to apply the theoretical framework provided by Chapin, and to ascertain which particular principles are utilized or ignored by specific planners. For example, Bryant writes that W.L.C. Wheaton, in Wheaton's analysis of public and private agents of change in urban growth, set out "to analyze the role of investment decisions in the processes of urban change, using figures from the Philadelphia area as a basis" (Bryant, p. 172). Wheaton discovered that the ratio of private to public investment patterns varies from county to county, for instance, within the overall metropolitan region. Generally, however, the national standard of public investment in urban areas in the United 5tates is from 40 to 50 percent. In areas particularly dependent on militaryindustrialrelated investment, however, the rate may exceed 50 percent. In Philadelphia, the rate of public investment was around 20 percent. Wheaton says that the reason for this discrepancy in this particular area is based on "market criteria." There is a fact component, a Judgment component and a value component. The major issue are decided in the private sector; public investments, such as school plane, tag along in the wake of entrepreneurial decisions (Bryant, p.

Category: Government - L