Applied Studies in Climate Adaptation 2014
DOI: 10.1002/9781118845028.ch47
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Capacities of private developers in urban climate change adaptation

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Cited by 6 publications
(5 citation statements)
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“…The result was a deep downturn in the urban development sector marked by four consecutive years of declining dwelling investment (OESR 2011). Many small-and medium-sized firms without access to alternative or corporate financing ceased operations, while the investment banks refused to lend to those whose prospects seemed in any way risky (Shearer et al 2013). Organisations employing planners, particularly in the development preparation and assessment area, experienced staffing surpluses, leading to wide-scale planning job losses across both the public and private sectors.…”
Section: W Steele and J Dodsonmentioning
confidence: 98%
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“…The result was a deep downturn in the urban development sector marked by four consecutive years of declining dwelling investment (OESR 2011). Many small-and medium-sized firms without access to alternative or corporate financing ceased operations, while the investment banks refused to lend to those whose prospects seemed in any way risky (Shearer et al 2013). Organisations employing planners, particularly in the development preparation and assessment area, experienced staffing surpluses, leading to wide-scale planning job losses across both the public and private sectors.…”
Section: W Steele and J Dodsonmentioning
confidence: 98%
“…Although net migration remained near previous levels, its influence on urban development was not as strong. The Global Financial Crisis in 2008 also saw a marked decline in the availability of construction finance, especially in the residential sector (Shearer et al 2013). By 2013, just two major financial institutions were supplying development finance.…”
Section: W Steele and J Dodsonmentioning
confidence: 99%
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“…The interviewees suggested a lack of incentives for businesses to take action over longer timeframes. A key actor is the development industry, which is influenced by the financial and political climate (Shearer et al 2013). Some interviewees attributed the lack of efforts by the developers to community pressure demanding waterfront units and the developers' short-term 'build and sell' mentality.…”
Section: Urban Social and Community Resiliencementioning
confidence: 99%
“…However, the unfamiliarity of insurers, and lenders with prefabrication technology creates a pressure to stay with the current individual demand model and shy away from the factory-based supply model (Lovell & Smith, 2010). The most recent financial crisis and climate adaptation considerations have created a greater scrutiny of risks, which in turn has produced project that are simple, known to work and are low risk (Shearer et al, 2013).…”
Section: Department Of Housing and Urban Development Saidmentioning
confidence: 99%