Notes
Slide Show
Outline
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"Landpool (def.) –..."
  • Landpool (def.) – A business partnership to unify planning of ecologically and economically linked properties, in an equitable and efficient manner.


  • Landpools integrate politically and publicly accepted planning processes with individual property owner needs to enable implementation of regional plans.
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What is a Landpool?
  • Business Entity


  • Conservation Mechanism


  • Planning Tool


  • Opportunity



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How do Landpools create value? (What is value?  Social value? Economic Value? Ecological value?)
  • Increased control
    • Property owner directed and funded
    • Property values determined as much by individual property characteristics as neighboring properties’
  • Efficiencies
    • Planning, Development, Finance, Agriculture
  • Reduced risk
    • Unplanned development
    • Entitlement and Assembly
    • Negative externalities
  • Greater Predictability
    • Plans secured and maintained for long term by financial sector
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What does a Landpool look like?
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Landpools are formed to…
  • Integrate property owners needs with broader social goals and local municipal control


  • Prevent fragmentation of natural resources and habitats, provide buffering of and connectivity to protected patches


  • Increase property values and real estate investment liquidity


  • Capitalize upon new economic opportunities, particularly forthcoming ecosystem service markets, recreation, and branding


  • Deliver more complete information for development decision-making
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How to start a Landpool…
  • Organize
  • Delineate
  • Draft Scheme
  • Form
  • Implement
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Organize – Baseline data
  • Coordinate:
    • Project Goals – Preservation, Conservation, Development, Redevelopment
    • Partners – Property owners, Agencies, Investors
    • Resources – Data Sources, Incentives, Programs, Grants
  • Suitability Analysis
    • Assemble and quantify ecological and economic data
    • Obtain individual and regional requirements and objectives
  • Delineate approximate Landpool boundary
  • Perform base line appraisal (can be estimated)
    • Equity basis determined according to percentage of total market value or by points-based appraisal


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Suitability Analysis -
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Organize (continued) -
  • Establish membership and entitlement requirements
    • Members -(FL) Charter Members that form and assign rights to Landpool
    • Supporters - (S) Purchase right of refusal or option
    • Holdouts - (H) Require outright acquisition or avoidance
  • Interpret data and determine opportunities / constraints
    • Parcels
    • Participants
    • Resources


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Draft Schemes -
  • Yes, No, Maybe
    • Those areas that will, will not, and may be developed over time.
  • Draft conceptual plans that achieve project participant goals
  • Consolidate to best, achievable plan
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Draft Scheme - continued
  • Plan Development within designated development area
  • Plot reallocation / sales plan
    • Potential land rent (i.e. recreation, tourism)
    • Sale / Leaseback of agricultural land
    • Sale / Joint venture of development parcels
  • Implementation plan
  • Cost estimates
  • Financial plan
  • List of implementation measures
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Form -
  • Finalize Landpool Plans
    • Landscape
    • Business
    • Finance
  • Obtain Approvals
    • Membership
    • Agency
  • Create legal business entity
    • Limited Liability Company
    • ‘C’ Corporation
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Implement -
  • Execute plan according to draft scheme
    • Initiate development, recreation, and enhancement programs
    • New venture development
    • Place conservation easements




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Avoid -
  • Sprawl…


  • Fragmentation of resources...


  • Lost potential…


  • Lost local
  •     character…


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A few words on earnings, investments, and liquidity…
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Why is Landpooling better than parcel-based activity?
    • Provides private, market-based mechanism to implement the best of regional and local planning techniques
    • Added value is directed to participating Landpool Members
    • Environmentally sensitive or agriculturally productive land can be protected
    • Development can be concentrated, efficient, and locally appropriate
    • Redevelopment can be initiated and financed in most suitable locations and timeframes
    • Landpool equity creates income stream for shareholders regardless of development location
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