Land means location in this context. Filling in seabed (which are literally termed "water parcels" as a term of art) to make dry land is technically improving it. The straightforward policy recommendation is therefore to exempt reclaimed land from taxation (perfectly in line with a policy of not taxing improvements) for e.g. the first 50 or so years (well past the investment horizon) and begin taxing it as conventional land thereafter -- this comports with George's philosophy for how to handle edge cases like e.g. landscaping that start off as improvements but over a long enough time horizon eventually become regarded as part of the permanent landscape.
Alternatively, reclaimed land is usually a state initiated enterprise in most cases. In those situations, the land can simply be leased out by the state. This is literally what NYC did with Battery Park city!
Alternatively, reclaimed land is usually a state initiated enterprise in most cases. In those situations, the land can simply be leased out by the state. This is literally what NYC did with Battery Park city!
https://blog.landeconomics.org/p/georgism-through-land-leasi...