Introduction: The financialisation of urban production: Conditions, mediations and transformations

Halbert, Ludovic; Attuyer, Katia

doi:10.1177/0042098016635420

Cited by 158 publications

(106 citation statements)

References 53 publications

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“…This process mirrors other trends identified by Halbert and Attuyer (2016) around 'the financialisation of urban production' (see other papers in the Special Issue of which Halbert and Attuyer's is a part). We will therefore argue that there is no necessary causal relationship between financialisation and Mode 2 Urban Integration: indeed if finance can guarantee stable revenue streams it is just as likely to favour older visions of UI as it is to favour Mode 2 nexus visions.…”

Section: Introductionsupporting

confidence: 75%

Integrating what and for whom? Financialisation and the Thames Tideway Tunnel

Loftus

March

2017

Urban Studies

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The Thames Tideway Tunnel (TTT), often referred to as the Thames super sewer, is currently one of the largest infrastructure projects underway in any European city. Costing an estimated £4.2 billion, the sewer connects London's Victorian sewerage network with the Thames Wastewater Treatment Works at Beckton. The latter facility has been described as the UK's Water-Energy-Food nexus poster child, for its combination of desalination facilities, green energy generation and wastewater treatment. While physically connected to the Beckton plant, the TTT is, paradoxically, designed with an apparent disregard for the water-energy nexus. If the Beckton plant represents a nexus-based vision of integration -what Macrorie and Marvin (2016) refer to as Mode 2 Urban Integration -the TTT harks back to a view of urban integration carried from the Victorian era through to the present moment. What unites the two projects, and what undergirds the transformation of the hydrosocial cycle, is a financial model more focused on the extraction of rents from Thames Water's consumers. Thames Water's dismissal of genuinely integrated alternatives appears guided more by the financialisation of the urban integrated ideal than by what is needed to respond to London's broader environmental needs. Contesting the project, therefore, will involve slicing through the various claims to integration, going beyond the many proposals for evidence-based alternatives, and capturing the transformations being wrought by finance's entry into infrastructure provision.

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Section: Introductionsupporting

confidence: 75%

Integrating what and for whom? Financialisation and the Thames Tideway Tunnel

Loftus

March

2017

Urban Studies

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“…These conditions often lead to tensions within private consortia. Here we find empirical support for Halbert and Attuyer's (: 1350) claim that power relations are reconfigured when private‐sector investment strategies enter the arena of urban production.…”

Section: Conclusion and Discussionsupporting

confidence: 70%

Public–Private Partnerships and the Design Process: Consequences for Architects and City Building

Hurk

Siemiatycki

2018

Int J Urban Regional Res

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Governments are increasingly using public–private partnerships (PPPs) to deliver public infrastructures and facilities. The prime motivation to embark on these partnerships is often to deliver products and services on time and on budget. It is generally assumed that by transferring project risks and responsibilities to private‐sector actors, governments can achieve better value for money. This article provides a novel perspective on the standards applied in PPP endeavors as it examines the tensions between the public management rationale behind value for money on the one hand, and conceptions of design and city building on the other. We focus on planning practice in the Canadian province of Ontario to show that governments apply different understandings of value in PPPs which, in turn, affect the way the design process is run. Architects, who are used to playing the role of master builder in a traditional public infrastructure project, are shifted into a less influential position and struggle with their new role. Furthermore, a different set of priorities applies in the new procurement process. The increasing use of PPPs can thus have significant consequences for city building.

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“…There is also potential for further exploration of the effects of the financialisation of property development in urban regeneration (as also suggested by Halbert and Attuyer, 2016).…”

Section: Resultsmentioning

confidence: 99%

Urban development and visual culture: Commodifying the gaze in the regeneration of Tigné Point, Malta

Speake

2016

Urban Studies

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This paper explores some of the hitherto under-researched intersections between urban (re)development, urban planning and visual culture. What emerges is an academic context that, to date, has largely compartmentalised discrete literatures on 'view', 'value of the view' and cityscape change, (re)Imagineering and (re)scripting). It shows how materialising processes associated with the commodification of a panoramic view in politico-economic and cultural terms can be used to transform and regenerate along neoliberal lines. It demonstrates how panoramas, when treated as a commodity within the context of neoliberal capitalism, are appropriated, (re)imagined and (re)scripted by architects and property developers to create high status, residential and commercial space for an affluent élite. As such, panoramas are a mechanism for the acceleration of capital accumulation that inherently create new and reinforce existing spatial inequalities. This study draws on research into the commodification of the view of the historic city of Valletta in the redevelopment of Tigné Point, the largest, most comprehensive regeneration scheme in Malta in recent years.

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Introduction: The financialisation of urban production: Conditions, mediations and transformations

Abstract: International audienc

Cited by 158 publications

References 53 publications

Integrating what and for whom? Financialisation and the Thames Tideway Tunnel

Integrating what and for whom? Financialisation and the Thames Tideway Tunnel

Public–Private Partnerships and the Design Process: Consequences for Architects and City Building

Urban development and visual culture: Commodifying the gaze in the regeneration of Tigné Point, Malta

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