“…Finally, they are intensifying uneven development in urban environs (Ward, 2007) as well as inner-city competition, the latter being seen as one of the decisive elements for urban growth in Hamburg (Gedaschko, 2008; DIHK, 2009). By the same token, and inasmuch as neoliberalism plays out differently at different times and in different places, BIDs differ in their construction, contestation, creativity and consequences (Töpfer et al, 2007; Pütz et al, 2008), as the Hamburg case below shows. The BID Neuer Wall, for instance, had already confirmed ‘accretions in property values’ (Binger and Büttner, 2008: 133) within its first three years, allowing for massively increased ‘rents now above €200 per square meter and month’ (Comfort, 2008: 3), thus leading local and international real-estate investors to take over property within BIDs and future BIDs in the inner-city (Comfort, 2008: 5), with ‘foreign investors accounting for close to 75%’ of all investors (Comfort, 2008: 6).…”