Abstract

This paper investigates the rapid spread of urban mega-projects on abandoned industrial sites of European and American cities. These projects are generally developed within the context of public-private partnerships, are frequently mixed-use and cater to the needs of office-based businesses and tourism and leisure services. The introduction of new methods of financing, with the increasingly integration of real-estate sector into the new networks of global capitalism, is an important distinctive element, as also the incorporation of the designs of world-famous architects. This trend has been the result of changes occurred in the economy of advanced capitalist countries as well as of the imposing of the urban redevelopment as a key issue in the political agenda. The paper argues that the property-led urban regeneration and mega-projects don’t necessarily contribute to make the city more affordable, efficient and inclusive.

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