Financing A City’s Vision: The Social Mobilization of Land Values in São Paulo

Financing A City’s Vision: The Social Mobilization of Land Values in São Paulo is a four-part documentary series created by the Lincoln Institute of Land Policy that explores a large-scale infrastructure project called the Água Espraiada Urban Operation in São Paulo, Brazil. Urban operations allow Brazilian cities to recapture the land value generated by land use changes and public investment. São Paulo employed a unique financing tool, certificates of additional construction potential (CEPACs), which are tradable development rights sold at public auctions. Featuring the voices of favela residents, city officials, real estate professionals, and a range of academics, the series examines the Água Espraiada Urban Operation from multiple perspectives.