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Crowdsourcing presentation (slideshare)

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Presentation given during the 2012 DC APA Fall Conference at Catholic University in Washington, DC. regarding the disruptive innovation that crowdsourcing and crowdfunding may provide to the urban planning and real estate development industries by providing supportive, effective community engagement.

Published in: Real Estate
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Crowdsourcing presentation (slideshare)

  1. 1. Crowdsourcing and CrowdfundingRevolutionizing Public Participation in Urban Planning and Real Estate Development?
  2. 2. Damon Orobona Miller, Miller & Canby damon@mmcanby.com Ben Miller Popularise; Fundrise ben@fundrise.comIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  3. 3. Damon Orobona Miller, Miller & Canby damon@mmcanby.com Ben Miller Popularise; Fundrise ben@fundrise.comIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  4. 4. Damon Orobona Miller, Miller & Canby damon@mmcanby.com Ben Miller Popularise; Fundrise ben@fundrise.comIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  5. 5. Damon Orobona Miller, Miller & Canby damon@mmcanby.com Ben Miller Popularise; Fundrise ben@fundrise.comIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  6. 6. Damon Orobona Miller, Miller & Canby damon@mmcanby.com Ben Miller Popularise; Fundrise ben@fundrise.comIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  7. 7. Public Participation ContextIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  8. 8. The Age-Old Urban Planning Challenge: How can we reach large numbers of people and allow them to effectively engage in meaningful citizen participation without slowing down the process?Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  9. 9. Sherry Arnstein’s Ladder of Participation (1969)Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  10. 10. Three Perspectives on Participation Perspective Justification Examples Normative Part of ideal of Pateman (1970) citizenship & Mansbridge (1983) democracy Substantive Needed for good Fung (2006) plans & policies: ideas, knowledge, views Instrumental Required to resolve Burby (2003) problems, achieve Susskind (1987) acceptanceIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A 4"
  11. 11. Today, Two Typical Outcomes in the Participatory Process 1. Very little (or no) participation, which is not representative of the community; or 1. Involvement, but louder voices dominate the discussion in community meetings. “Squeaky wheel gets the grease.”Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  12. 12. Little Attendance = Unrepresentative of Complete CommunityIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  13. 13. Opposition More Vocal than Supporters = Unrepresentative of Complete CommunityIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  14. 14. “We’ve tainted the process by not understanding that the [immediate] neighbors are a special interest… they are not the community.” – Andres Duany The Status Quo has led to a Debate regarding the Importance of Public ParticipationIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  15. 15. “New mechanisms were devised [in the 1960s] to empower ordinary citizens to shape and guide the planning process… I can think of no other profession that has done anything quite like [this]. Imagine economists at the Federal Reserve holding community meetings and polls to decide the direction of fiscal policy. Imagine public health officials giving equal weight to the nutritional wisdom of teenagers- they are stakeholders, after all!... This is why it is a fools errand to rely upon citizens to guide the planning process. Forget for a moment that most folks lack the knowledge and expertise to make intelligent decisions about the future of our cities. Most people are too busy, too apathetic, or too focused on their jobs or kids to be moved to action over planning issues unless those issues are at their doorstep. And once an issue is at the doorstep, fear sets in and reason and rationality fly out the window. So the very citizens least able to make objective decisions about planning action are the ones who end up dominating the planning process…” The Status Quo has led to a Debate regarding the Importance of Public Participation -Tom Campanella, Department Chair, UNCIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  16. 16. Montgomery County is currently rewriting its zoning code (so is DC and many others)Multiple community meetings and public hearings required in the existing state of affairsOne of the major comments given to improve planning and zoning processes is to streamline –not to remove, but to make more efficient – the public participation process Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  17. 17. Compare the American Experience with that of China “To visit China today as an American is to compare and to be compared… with enough cheap currency, labor, and capital – and authoritarianism – you can build anything in nine months.” – Thomas Friedman, New York TimesIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  18. 18. Dongting Lake, China, December 2011 [Video clip removed. Not supportable on SlideShare.]Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  19. 19. Shanghai, China, June 2009Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  20. 20. Audience Snap Poll A. The process is fine as it is. We are effectively reaching the community. The speed of accomplishing planning projects is swift and nimble. A. Public participation (and public process in general) is overrated. We don’t need the community’s input. We should be able to build anything in 90 days. B. We need to rethink public participation to make it more inclusive and effective.Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  21. 21. CrowdsourcingIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  22. 22. What is crowdsourcing? Utilizing the benefits of mass collaboration (not to mention sheer volume of workers) to reach a desired outcome. - About.comIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  23. 23. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  24. 24. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  25. 25. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  26. 26. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  27. 27. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  28. 28. Benefits of CrowdsourcingOpen vs. Closed Model Open Closed Community Engagement Broad Narrow # of People Involved 1000s 10s Amount of Input & Ideas More Less Data Quantitative Subjective Community Buy-In Representative Random 1. Better decision-making 2. Engaged communityIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  29. 29. CrowdfundingIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  30. 30. What is crowdfunding? The funding of a company by selling small amounts of equity to many investors. - WikipediaIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  31. 31. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  32. 32. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  33. 33. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  34. 34. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  35. 35. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  36. 36. Benefits of Crowdfunding Democratize Investment Online Direct Investment 1. Cuts out middlemen: lowers cost of capital 2. Real people invested: increases social capitalIntroduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  37. 37. What Does the Future Hold?Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  38. 38. [Video clip removed. Not supportable on SlideShare.]Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  39. 39. Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A
  40. 40. Questions?Introduction Public Participation Context Crowdsourcing Crowdfunding The Future Q&A

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