The de-contextualisation of land use planning through financialisation: Urban redevelopment in Milan

Savini, Federico; Aalbers, Manuel B.

doi:10.1177/0969776415585887

Cited by 116 publications

(99 citation statements)

References 55 publications

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“…Urban rehabilitation measures, as the so-called 'Bosco verticale -one of the biggest green redevelopment projects in Italy-as well as an improved cultural centrality compared with the surrounding districts-is a key driver of residential mobility, especially in leading the native population to come back to downtown [50,51]. Immigration is acting as another force of re-urbanization, consolidating (or altering) the social structure of fringe districts [52].…”

Section: Discussionmentioning

confidence: 99%

Toward a New Cycle: Short-Term Population Dynamics, Gentrification, and Re-Urbanization of Milan (Italy)

2018

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Abstract:After sequential cycles of urbanization and suburbanization, European cities underwent a (more or less intense) re-urbanization wave. The present study analyzes short-term population dynamics in the core of a large metropolitan region (Milan, northern Italy), providing evidence of spatially-heterogeneous re-urbanization characterized by spatially-complex population growth (or shrinkage) at a local scale. Population dynamics over 1999-2017 were assessed in 88 urban districts partitioning Milan s municipal area and projected up to 2036 for the same spatial units. Empirical results identify spatially-complex and temporally non-linear dynamics with expanding or declining districts distributed heterogeneously across the study area. Multivariate analysis outlines a generalized population decline during 1999-2008 and an opposite pattern afterward (2008)(2009)(2010)(2011)(2012)(2013)(2014)(2015)(2016)(2017), with spatially-homogeneous population expansion expected in the near future. Spatial analysis finally highlights that local-scale population growth rates were more clustered in 2008-2017 than in 1999-2008. While the population decreased continuously in the inner districts (<1 km from the city centre), sub-central districts (1-5 km far from the city centre) experienced mixed patterns of population growth and stability. These results confirm the relevance of local-scale policies managing urban renewal and rehabilitation and promoting metropolitan expansion in a spatially-coordinated manner.

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Section: Discussionmentioning

confidence: 99%

Toward a New Cycle: Short-Term Population Dynamics, Gentrification, and Re-Urbanization of Milan (Italy)

2018

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“…Examining the Thames Water utility in the UK, Allen and Pryke () also show how the institutionalization of financial management techniques and their juridical autonomy represents a ‘ring‐fencing’ of politics, prioritizing financial viability and profitability over value for households. Turning to urban property assets, Guironnet and Halbert () and Savini and Aalbers () show how the use of complex ownership structures such as special purpose vehicles (SPVs) de‐contextualize land use from local planning, as developers and city planners increasingly tailor property developments to investors’ expectations and demands.…”

Section: Financialization Neoliberal Urban Governance and Post‐politmentioning

confidence: 99%

Engineering the Financialization of Urban Entrepreneurialism: The JESSICA Urban Development Initiative in the European Union

Anguelov

Leitner

Sheppard

2018

Int J Urban Regional Res

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Urban entrepreneurialism and neoliberal urban governance are assuming new forms under finance‐dominated accumulation. We examine and contribute to theorizing the mechanisms through which urban governance is financialized, taking as a case study JESSICA, one of the European Union's initiatives to implement an ‘urban sensitive’ policy for sustainable and integrated development. Like other initiatives promoting financialization, JESSICA deploys the logic of finance to select and fund urban social initiatives and development projects on the basis of their potential return on investment (ROI). Understanding this process requires placing questions of political economy—how urban governance is shaped by the broader political‐economic context—with questions of governmentality—how stakeholders are enrolled in and come to take for granted new governance initiatives. Following the multi‐scalar institutional infrastructure is crucial to understanding how this works. Taking a relational multi‐scalar approach, we trace how changes at the supranational scale filter down to shape urban policy selection and performance in Sofia, Bulgaria, where we document how ROI calculations conflict with social welfare priorities. Contrasts between the trajectory of financialization of urban governance in the European Union and the United States demonstrate how this is geographically variegated, shaped by the broader context/conjuncture within which such financialization is embedded.

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“…This article aims to explore the physical effects of this presumed shift in the planning process of infrastructure projects. We offer an in-depth discussion of the mechanisms that are at play within PPP arrangements and their consequences for the urban fabric (Weber, 2010; see also Ashton, et al, 2016;Savini and Aalbers, 2016). As we elaborate on this, we focus on the design process.…”

Section: Public-private Partnerships Perceptions Of Value and Designmentioning

confidence: 99%

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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The de-contextualisation of land use planning through financialisation: Urban redevelopment in Milan

Cited by 116 publications

References 55 publications

Toward a New Cycle: Short-Term Population Dynamics, Gentrification, and Re-Urbanization of Milan (Italy)

Toward a New Cycle: Short-Term Population Dynamics, Gentrification, and Re-Urbanization of Milan (Italy)

Engineering the Financialization of Urban Entrepreneurialism: The JESSICA Urban Development Initiative in the European Union

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

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