Formulating an equitable pro-development compensation model - Lessons from the pacific

Boydell, S; Baya, U

Formulating an equitable pro-development compensation model - Lessons from the pacific

Boydell, S Baya, U

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Publication Type:: Conference Proceeding
Citation:: COBRA 2011 - Proceedings of RICS Construction and Property Conference, 2011, pp. 1523 - 1543
Issue Date:: 2011-12-01

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Field	Value	Language
dc.contributor.author	Boydell, S	en_US
dc.contributor.author	Baya, U	en_US
dc.date.issued	2011-12-01	en_US
dc.identifier.citation	COBRA 2011 - Proceedings of RICS Construction and Property Conference, 2011, pp. 1523 - 1543	en_US
dc.identifier.isbn	9781907842191	en_US
dc.identifier.uri	http://hdl.handle.net/10453/31336
dc.description.abstract	Many Pacific Island countries are challenged by aspirations for development and western commercialism that conflict with the desire to maintain the best of custom and traditional land stewardship. In this paper, we explore the development of an equitable compensation approach that applies the principles of marriage value (or synergistic value) to recognise the reliance that island communities have on customary fishing grounds. Waterside tourism ventures are a marriage between a hotel development and associated infrastructure on the land, and the need to access and use the adjoining lagoon or ocean for recreation activities. Likewise, mineral exploration and development in the interior requires access to waters edge wharf facilities for export purposes, which impacts ecologically on customary fishing grounds. We use an example where property rights over the customary fishing ground are sometimes held by traditional groupings from the interior rather than the waterfront landowning group on whose land, for example, a lease may have been granted for a resort development. Building on a detailed analysis of both the institutional arrangements and stakeholder interpretations, we combine these insights with lessons from other jurisdictions to explore and analyse five potential compensation models. We engage scenario analysis to allow the interests of the various stakeholders in a potential development to be reconciled, and this in turn allows for a discussion and elaboration on the appropriate valuation methods that can be applied, drawing on international best practice, through the integration of current International Valuation Standards.	en_US
dc.relation.ispartof	COBRA 2011 - Proceedings of RICS Construction and Property Conference	en_US
dc.title	Formulating an equitable pro-development compensation model - Lessons from the pacific	en_US
dc.type	Conference Proceeding
utslib.for	1202 Building	en_US
dc.location.activity	School of the Built Environment, University of Salford, UK
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US

Abstract:

Many Pacific Island countries are challenged by aspirations for development and western commercialism that conflict with the desire to maintain the best of custom and traditional land stewardship. In this paper, we explore the development of an equitable compensation approach that applies the principles of marriage value (or synergistic value) to recognise the reliance that island communities have on customary fishing grounds. Waterside tourism ventures are a marriage between a hotel development and associated infrastructure on the land, and the need to access and use the adjoining lagoon or ocean for recreation activities. Likewise, mineral exploration and development in the interior requires access to waters edge wharf facilities for export purposes, which impacts ecologically on customary fishing grounds. We use an example where property rights over the customary fishing ground are sometimes held by traditional groupings from the interior rather than the waterfront landowning group on whose land, for example, a lease may have been granted for a resort development. Building on a detailed analysis of both the institutional arrangements and stakeholder interpretations, we combine these insights with lessons from other jurisdictions to explore and analyse five potential compensation models. We engage scenario analysis to allow the interests of the various stakeholders in a potential development to be reconciled, and this in turn allows for a discussion and elaboration on the appropriate valuation methods that can be applied, drawing on international best practice, through the integration of current International Valuation Standards.

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http://hdl.handle.net/10453/31336