Developing Evaluation Mechanism of Socioeconomic Efficiency of Urban Planning Projects by Local Government Bodies

Abstract

In recent years, much attention has been paid to the quality of economic justification of urban planning decisions, the impact of comfortable construction and living environment on the socioeconomic condition of municipalities. In this article, the authors have proposed an alternative method for predicting the socioeconomic efficiency of building neighborhoods and residential complexes, and justifying the effects this construction produces. The method can be applied to select the most effective projects from the point of view of municipal administration and consists in calculating tax revenues from the construction of residential complexes or entire neighborhoods, as well as the number of jobs that appear in new neighborhoods. It is recommended for municipalities that invest limited budget funds in the development of a particular territory on roads, networks, landscaping, etc. to compare urban development projects proposed by developers in terms of the effects they will produce, as well as the period of return of budget investments in the development of the territory due to tax revenues.