Upzoned
Our Financial System Favors Large-Scale Development…but at What Cost?
Mar 20, 2024
Exploring how finance shapes cities, the preference for large-scale development over community-based building, and the challenges faced by small developers. Delving into the impact of debt, risk mitigation, and market dynamics on urban development choices. Also, a brief mention of a basketball team's success and fascination with Dead Sea Scrolls.
52:27
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Quick takeaways
- Institutional developers rely on large-scale funding from entities like pension funds, while community-based incremental developers work with smaller investments.
- Cities can promote incremental development by engaging with local developers, providing co-signing options, and offering incentives for small-scale projects.
Deep dives
The Cultural Shift During the Pandemic in Urbanism
The pandemic has led to a notable cultural shift where Americans are increasingly noticing the character and quality defects in their places. Activists and practitioners offer various policy solutions like safer street designs and ending single-family zoning. The article emphasizes the need for a comprehensive approach, highlighting the importance of understanding finance in shaping cities.
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