An Urban Wealth Fund (UWF) is a local government-owned Public Wealth Fund, a holding company that owns, manages and develop operational and real estate assets, mainly within its jurisdiction at the city, county or regional level of public administration. Operational assets often include utilities such as water and electric utilities, transportation assets such as airports, ports, subways and other local transport operations.
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| - An Urban Wealth Fund (UWF) is a local government-owned Public Wealth Fund, a holding company that owns, manages and develop operational and real estate assets, mainly within its jurisdiction at the city, county or regional level of public administration. Operational assets often include utilities such as water and electric utilities, transportation assets such as airports, ports, subways and other local transport operations. (en)
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| - An Urban Wealth Fund (UWF) is a local government-owned Public Wealth Fund, a holding company that owns, manages and develop operational and real estate assets, mainly within its jurisdiction at the city, county or regional level of public administration. Operational assets often include utilities such as water and electric utilities, transportation assets such as airports, ports, subways and other local transport operations. The real estate segment is often the largest part in value terms as governments have been found to own at least half of the real estate market, in value terms and not seldom exceeding the economic output of the local entity. Due to the lack of proper asset registers and public sector accounting, the real estate segment is the least well understood, with considerable value hidden from being considered when formulating the budget. The term was coined by Detter and Fölster in their book “The Public Wealth of Cities". In its general idea, it is a compromise between government control and privatization, set up to manage the assets of a city, often with the objective of maximizing return on the assets as a means of generating revenue for the city government. As a result, this will enable cities to increase their investments (for example for infrastructure projects) without increasing taxes. (en)
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