Land Redevelopment and the Built Environment in Third-Wave Cities: Review and Synthesis

I seek to synthesize several different approaches to issues of urban land redevelopment and the built environment. The essay focuses on developments in the third and current historical wave of capitalist development. I describe the economic logic of land-use change with reference to both commercial...

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Bibliographic Details
Published in:The Journal of urban technology 2019-01, Vol.26 (1), p.57-81
Main Author: Scott, Allen J.
Format: Article
Language:English
Subjects:
Built environment
Business districts
Capitalism
Central business districts
Cities
Development programs
Economic development
financialization
Gentrification
Government agencies
International finance
International financing
Land
Land use
land-use change
Local government
Neighborhoods
Partnerships
Public finance
Redevelopment
Suburban areas
Suburban development
third-wave cities
Urban environments
Urban growth
Urban policy
urban redevelopment
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Summary:I seek to synthesize several different approaches to issues of urban land redevelopment and the built environment. The essay focuses on developments in the third and current historical wave of capitalist development. I describe the economic logic of land-use change with reference to both commercial and residential property. This logic has become intimately intertwined with global finance and this state of affairs has introduced new elements of fluidity and risk into the built environment. Issues of urban policy and the role of municipal authorities in shaping urban land markets are then considered. I describe how local government agencies increasingly pursue development projects in complex partnerships with representatives of the real-estate industry. In the second half of the paper, the overall argument is recast by reference to three important trends in regard to land-redevelopment and the built environment in third-wave cities, namely, the economic and architectural renaissance of central business districts, the widespread gentrification of inner-city neighborhoods, and the emergence of a new post-suburban phase of peripheral urban expansion.
ISSN:1063-0732
1466-1853
DOI:10.1080/10630732.2018.1537050