| 요약2 |
The purpose of this study is to test if the Special Use Permit Policy, which empowers the private park owners to develop the predesignated portion of land in compensation for the transfer of ownership of the rest to the public, can give enough profit motivation to the owners. Under the constraints of minimum land requirement and some municipal planning items, e.g. zoning ordinance, landslide risk, elevation, slope, biotope grade, accessibility, etc., we screened 6 parks out of 119 urban parks in Seoul, wholly or partially owned by the private, extracted the applicable sites to the Policy, estimated their land values in case of public expropriation (BV: Basic Value), appraised the owners' tranches of land after allotment (EVA 1: Economic Value Added 1), calculated the project income under the simulated development scheme in sites (EVA 2) then compared EVAs 1 and 2 with BV. We find that the owners' profit incentive totally depends on the gaps between the BV levels subordinate to the current land uses and the fair market values of land uses in surrounding areas. It is not likely that the Policy attracts all the private-owned urban parks in Seoul: i.e., its applicability to Seoul Park System is limited and on a discriminate basis. |