ABSTRACT
This chapter describes some purposes for which land-banking-like activities might be engaged in the US, along with the narrower use of the concept of 'land banking' in the US as that term and concept is typically employed. 'Land banking' in the US resembles little what it appears to be in the Netherlands. Rather, land banking in the US is much narrower in scope, and it is applied in different contexts to address different problems. One used more commonly and somewhat more in line with land banking as employed by the Dutch, is the practice of tax increment financing (TIF). The use of TIF involves spending public funds on infrastructure in a designated district that is intended to promote new urban development within that district, and then recapturing the incremental increases in tax revenues occurring in that district because of new private development.
