Synopses & Reviews
The City Builders is a compelling examination of the forces that created the property boom of the eighties and the bust of the nineties. The book investigates the mentalities of the real-estate developers, financial institutions, and public officials who first poured enormous resources into physical redevelopment then suddenly saw the market collapse.
Focusing on London and New York, the author analyzes two cities which staked their hopes for economic prosperity on property-led development. The study proceeds through a discussion of real-estate markets and the strategies of different actors within them. It then chronicles six cases of redevelopment in detail telling the story of Olympia and York, which triumphed in constructing New York's World Financial Center and then plummeted into bankruptcy at Canary Warf in London.
Professor Fainstein concludes by entering the debate concerning the impacts of "theme park" development on the urban fabric, and recommends a set of realistic strategies for simultaneously redeveloping cities and improving the lives of their residents.
Includes bibliographical references (p. -288) and index.
About the Author
Susan S. Fainstein is Professor of Urban Planning and policy development at Rutgers, the State University of New Jersey. Her Research has focused on comparative public policy, planning theory, urban redevelopment, and citizen participation. Among her books are Urban Political Movements, Restructuring the City and Divided Cities (co-edited with Ian Gordon and Michael Harloe; Blackwell, 1992).
Table of Contents
List of Figures.
List of Tables.
Preface and Acknowledgements.
1. Economic Restructuring and Redevelopment.
2. The Development Industry and Urban Redevelopment.
3. Markets, Decision Makers, and Real estate Cycle.
4. Policy and Politics.
5. Economic Development Planning Strategies.
6. Public-Private Partnerships in Action: King's Cross and Times Square.
7. Creating New Centers: Spitalfields and Downtown Brooklyn.
8. Creating a New Address I: Battery Park City.
9. Creating a New Address II: Docklands.
10. Real-Estate Development: Why is it Special and What is its Impact?.
11. Development Policy for the Inner City.
Appendix A: Social Science Analyses of Urban Redevelopment.
Appendix B: Population and Economy of London and New York.