Regenerating Urban Land: A Practitioner's Guide to Leveraging Private Investment

by Rana Amirtahmasebi, Mariana Orloff, Sameh Wahba, Andrew Altman

Overview

Regenerating Urban Land draws on the experience of eight case studies from around the world. The case studies outline various policy and financial instruments to attract private sector investment in urban regeneration of underutilized and unutilized areas and the requisite infrastructure improvements. In particular, each case study details the project cycle, from the scoping phase and determination of the initial amount of public sector investment, to implementation and subsequent leveraged private-sector funds. This manual analyzes rates of return on the investments and long-term financial sustainability. Regenerating Urban Land guides local governments to systematically identify the sequence of steps and tasks needed to develop a regeneration policy framework, with the participation of the private sector. The manual also formulates specific policies and instruments for expanding private sector participation; structuring effective administrative and legal frameworks; utilizing land readjustment/assembly methods; determining duration of contracts, adequate phasing, and timeline; and balancing the distribution of risk and sustainability measures.

Product Details

ISBN-13:	9781464804748
Publisher:	World Bank Publications
Publication date:	06/02/2016
Series:	Urban Development
Sold by:	Barnes & Noble
Format:	eBook
Pages:	476
File size:	31 MB
Note:	This product may take a few minutes to download.

Table of Contents

Foreword xv

Acknowledgements xix

About the Authors xxiii

Executive Summary xxvii

How to use This Book xlix

Abbreviations li

Part I Guidebook

1 Process 3

Phase 1 Scoping 3

Phase 2 Planning 15

Phase 3 Financing 37

Phase 4 Implementation 68

Notes 85

References 86

2 Assets 89

First Asset: Land 89

Second Asset: Community 116

Third Asset: Environment 119

Notes 128

References 129

3 Social Impacts 131

Social Equity Aspects of Regeneration 131

Managing the Potential Undesirable Impacts of Urban Regeneration: Gentrification and Loss of Social Capital 134

Final Words 143

Notes 145

References 145

Part II Case Studies 147

4 Puerto Madero: Regenerating a Port Area in the Historic District of Buenos Aires 149

Introduction 149

Context and Background 150

Phase 1 Scoping 153

Phase 2 Planning 160

Phase 3 Financing and Implementation 166

Outcomes and Impacts 170

Notes 174

References 177

People Interviewed 179

5 Santiago's Repopulation Program: A Successful Strategy for Regenerating a Shrinking City 181

Introduction 181

Context and Background 182

Phase 1 Scoping 187

Phase 2 Planning 189

Phase 3 Financing and Implementation 195

Outcomes and Impacts 200

Notes 213

References 216

People Interviewed 218

6 Shanghai: Regenerating a Historic Neighborhood through Commercial Development 221

Introduction 221

Context and Background 222

Phase 1 Scoping 229

Phase 2 Planning 232

Phase 3 Financing and Implementing 242

Outcomes and Impacts 246

Notes 248

References 250

People Interviewed 250

7 Ahmedabad: Reclaiming the Sabarmati Riverfront 253

Introduction 253

Context and Background 254

Phase 1 Scoping 260

Phase 2 Planning 264

Phase 3 Financing and Implementation 267

Outcomes and Impacts 277

Notes 280

References 282

People Interviewed 283

8 Seoul: Downtown Regeneration through Restoration of the Cheonggyecheon Stream 285

Introduction 285

Context and Background 286

Phase 1 Scoping 287

Phase 2 Planning 289

Phase 3 Financing and Implementation 295

Outcomes and Impacts 300

Notes 308

References 311

9 Washington DC's Anacostia Waterfront Initiative: Revitalizing the Forgotten River 313

Introduction 313

Context and Background 314

Phase 1 Scoping 315

Phase 2 Planning 316

Phase 3 Financing and Implementation 322

Outcomes and Impacts 330

Statistical Annex 338

Notes 340

References 342

People Interviewed 343

10 Singapore: Urban Redevelopment Singapore City Waterfront 345

Introduction 345

Context and Background 345

Beginnings of Urban Renewal 354

Redevelopment of the Golden Shoe District 359

Singapore River: Urban Revitalization through Environmental Cleanup and Conservation 364

Marina Bay: Building a Global City 373

Notes 381

References 382

11 Johannesburg: Aligning Diverse Prophecies for Revitalizing a Declining Inner City 385

Introduction 385

Context and Background 386

Phase 1 Scoping 388

Phase 1 Planning 393

Phase 3 Financing and Implemention 401

Outcomes and Impacts 413

Notes 418

References 418

People Interviewed 420

Boxes

1.1 Decades of the "visioning" process in the regeneration of Johannesburg's inner city 7

1.2 The case of Santiago, Chile: Analysis of sprawl and the cost of providing infrastructure 10

1.3 An example of macroanalysis and microanalysis 13

1.4 Feasibility study for Sabarmati Riverfront development project 22

1.5 What determines the character of an urban area? 23

1.6 Urban development corporations 31

1.7 Types of public-private cooperation 32

1.8 The Anacostia Waterfront Initiative: Planning process 36

1.9 City improvement districts in Johannesburg, South Africa 48

1.10 Use of TIF in financing the redevelopment of Atlantic Station in Atlanta, Georgia 52

1.11 Financing the Dulles Corridor Metrorail Project through special assessments 54

1.12 Urban development zone tax incentives in Johannesburg, South Africa 59

1.13 Direct land deal between the Shanghai governmentand developers paved the way for the regeneration of Xintiadi 64

1.14 Land in exchange for redevelopment: an experiment in Washington, DC 66

1.15 Federal land as an equity contribution to Corporacion Antiguo Puerto Madero Sociedad Anónima in Buenos Aires, Argentina 67

1.16 Continuous political leadership can ensure the success of regeneration projects 71

1.17 Implementation strategy for the Sabarmati riverfront development in Ahmedabad, India 77