Which term describes physical assets constructed or purchased to provide, improve, or replace a public facility, typically large-scale and high-cost?

• A. Land use
• B. Concurrency rules
• C. Capital improvement
• D. Concurrency elements

Answer: (C)

Capital improvement refers to the physical assets a government builds or buys to provide, improve, or replace public facilities. These projects are typically large-scale, costly undertakings with long lifespans, planned and financed over many years through a capital improvements program. Examples include new roads, water and sewer systems, schools, libraries, and park facilities. This term specifically names the assets themselves and their long-term nature, which is why it fits the description.

Land use is about zoning and how land is developed, not the actual facilities. Concurrency rules ensure that new development has access to needed facilities, but they describe requirements rather than the assets. Concurrency elements are parts of the concurrency framework. Capital improvement best matches the description because it designates the physical assets created or acquired for public facilities.