For decades, governments around the world have supported and encouraged development of derelict industrial areas through strategic land use planning. While development plans differ, the intent of these initiatives to improve quality of life in the community is generally consistent. This report provides a review of public land development with a focus on public ownership rationales, lease terms, and renewal approaches from around the world. British Columbia has a particular interest in this topic as the public land lease in Vancouver's False Creek South neighbourhood approaches its lease term expiry. Commissioned by the Real Estate Institute of BC, this CDI report offers insight into an array of mechanisms that have been established in other jurisdictions, including public land lease for targeted mixed use development, public asset management, and the potential role for private investment in this context.