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Drea's avatar

Just finished! This book made me think so hard about the critical elements for viable cities.

You focus on two key kinds of autonomy - ownership (trust) and revenue (land rent). But I think we need to tease them apart. Which one really matters for which part?

I would argue that the “benefit of residents” part comes from the revenue being tied to happy residents, and that’s why ground rent/LVT is so important. What the Trust or ownership brings is long-term incentive structure, so there is an entity that cares about future asset values instead of just today’s revenue.

FYI, you write about the Bournville Village Trust and Senekw, but do note that Prospera ZEDE is a public special jurisdiction, managed by the Prospera Council which acts as a public trust, with the board lead by the Technical Secretary of the ZEDE (by law a Honduran, currently Jorge Calindres). It’s the trust that contracts with Prospera Inc (the corporation) to operate the jurisdiction. So it’s structurally very similar.

Excited to see all these experiments play out!

Steve Richards's avatar

We so need this sort of vision and ambition. When I look around my town and compare it to how it looked 100 years ago I can hardly believe that we’ve let ourselves destroy all of its functional elegance and beauty. We are so much richer now, but our built environment is horrible. I did a little project myself on one little idea. To create new beautiful car free networks, that could become economic corridors https://open.substack.com/pub/greenwaysnetwork

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