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European Urban Summer School



Mechanisms for supporting investment and renewal of
    urban cores. Regeneration or New Quality?

                 Richard Hamilton




                                                                    www.urb.ie
                                                                richard@urb.ie
                                                  twitter.com/UrbTownplanning
                 12th September 2010     www.lifeafterroundabouts.blogspot.com/
aspiration
Where does
investment go?
reality
      Image of suburb
Image of business park
Image of shopping centre
the vicious circle
Urban Investment – how do we do it?

•   Policy, Masterplan, Action Plans, Code
•   Private Developer
•   Management / Control Development
•   Funding Initiatives/interventions
What has changed?
• Economic collapse and depression
• Banking crisis
• Impoverished Government
• Developers bankrupt (in their villas)
• Integration between policies and funding
  breaks down (Pietro Elisei)
• Importance of Local governance &
  initiative (Krystof Mularczyk)
Approaches
• Interventions
  – Follow or lead (private v sector public )
  – Direct or Indirect
     • i.e. Physical improvement v tax incentive etc
  – Linear or site specific
     • Public Realm Improvement vs Pump prime
• Landlord led renewal
• Town Centre Management & Business
  Improvement Districts
Hardware
• Quality of Building Stock
   – Internal
   – External – Façade & Signage

• Quality of Built Environment
   –   Pavements (width, quality)
   –   Lighting
   –   Street Furniture
   –   Trees and Soft Landscape

• Maintenance and Tidiness
   – Cleaning strategies
   – Refuse collection
Software
• Quality of Shopping
   – Shopping Mix
   – Anchoring
   – Shopping+

• Quality of additional services
   –   Legal
   –   Medical
   –   Banking
   –   Insurance etc

• Culture and Third Space Uses

• Environmental Quality
Landlord-led renewal
Repositioning the High Street to lead area regeneration


Marylebone High Street, London

Howard de Walden Estate
http://www.marylebonevillage.com/
quality
independent
•Howard de Walden Estate not Westminister Council has made
change happen

•Improvement and management of the mix of the High Street has
raised property values in the neighbourhood

•Common Sense Approach –What do we need?

•Changing the fabric to adapt to modern requirments

•Keeping whats good (bookshop, repairshop)

•Not all tenants and locations valued the same

•No linear intervention

•10 year project
Business Improvement Districts (BIDs)



US:      Approx. 1,000
                                        Small BID: $20K – $250k
New York – 57
LA       - 32
Milwakee - 19                           Times Square $6m
San Diego - 12


UK:      68

         London: 17

Total:              £9.9m
Max:                £2,472,000
Min:                £40,000
Leveraging Ratio:   1:.094
InHolborn of town centre management bid initiatives
    Examples
             BID
Heart of London BID ((Westminister)
BIDs are an innovation intended to improve the conditions of city
places by taking care of the small things that make up the larger
picture
              - Jerry Mitchell (2008) Business Improvement Districts and the Shape of American Cities




Criticisms:

•Malls without walls

•Privatisation of public space
“A downtown is a living thing and it needs
effort to survive. Considering the
competition from the malls, I don’t think
a town can live today without a BID”



             John Bowers, Real Estate Broker, Red Bank, New
             Jersey, Business Improvement Districts, p.130
Other interventions……
Arts Centre, Carlow, Ireland

One-off 15% increase in
commercial rates
Asset Transfer
Iveagh Trust
Housing Association

Dublin, Ireland
Innovation comes from
            individuals
The Virtuous Circle
What community ever
screwed up by providing
too much quality of life?


What Makes a City Entrepreneurial? Edward L. Glaeser (Harvard
University) and William R. Kerr (Harvard Business School)
Rappaport Institute/Taubman Center Policy Briefs

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R hamilton euss120910b

  • 1. European Urban Summer School Mechanisms for supporting investment and renewal of urban cores. Regeneration or New Quality? Richard Hamilton www.urb.ie richard@urb.ie twitter.com/UrbTownplanning 12th September 2010 www.lifeafterroundabouts.blogspot.com/
  • 3.
  • 4.
  • 5.
  • 7. reality Image of suburb
  • 10.
  • 11.
  • 13. Urban Investment – how do we do it? • Policy, Masterplan, Action Plans, Code • Private Developer • Management / Control Development • Funding Initiatives/interventions
  • 14. What has changed? • Economic collapse and depression • Banking crisis • Impoverished Government • Developers bankrupt (in their villas) • Integration between policies and funding breaks down (Pietro Elisei) • Importance of Local governance & initiative (Krystof Mularczyk)
  • 15. Approaches • Interventions – Follow or lead (private v sector public ) – Direct or Indirect • i.e. Physical improvement v tax incentive etc – Linear or site specific • Public Realm Improvement vs Pump prime • Landlord led renewal • Town Centre Management & Business Improvement Districts
  • 16. Hardware • Quality of Building Stock – Internal – External – Façade & Signage • Quality of Built Environment – Pavements (width, quality) – Lighting – Street Furniture – Trees and Soft Landscape • Maintenance and Tidiness – Cleaning strategies – Refuse collection
  • 17. Software • Quality of Shopping – Shopping Mix – Anchoring – Shopping+ • Quality of additional services – Legal – Medical – Banking – Insurance etc • Culture and Third Space Uses • Environmental Quality
  • 19. Repositioning the High Street to lead area regeneration Marylebone High Street, London Howard de Walden Estate http://www.marylebonevillage.com/
  • 22. •Howard de Walden Estate not Westminister Council has made change happen •Improvement and management of the mix of the High Street has raised property values in the neighbourhood •Common Sense Approach –What do we need? •Changing the fabric to adapt to modern requirments •Keeping whats good (bookshop, repairshop) •Not all tenants and locations valued the same •No linear intervention •10 year project
  • 23. Business Improvement Districts (BIDs) US: Approx. 1,000 Small BID: $20K – $250k New York – 57 LA - 32 Milwakee - 19 Times Square $6m San Diego - 12 UK: 68 London: 17 Total: £9.9m Max: £2,472,000 Min: £40,000 Leveraging Ratio: 1:.094
  • 24.
  • 25. InHolborn of town centre management bid initiatives Examples BID
  • 26. Heart of London BID ((Westminister)
  • 27. BIDs are an innovation intended to improve the conditions of city places by taking care of the small things that make up the larger picture - Jerry Mitchell (2008) Business Improvement Districts and the Shape of American Cities Criticisms: •Malls without walls •Privatisation of public space
  • 28. “A downtown is a living thing and it needs effort to survive. Considering the competition from the malls, I don’t think a town can live today without a BID” John Bowers, Real Estate Broker, Red Bank, New Jersey, Business Improvement Districts, p.130
  • 30. Arts Centre, Carlow, Ireland One-off 15% increase in commercial rates
  • 33.
  • 34. Innovation comes from individuals
  • 36. What community ever screwed up by providing too much quality of life? What Makes a City Entrepreneurial? Edward L. Glaeser (Harvard University) and William R. Kerr (Harvard Business School) Rappaport Institute/Taubman Center Policy Briefs

Editor's Notes

  1. Where does the money come from? 50% approx from existing ratepayer
  2. – we’ve removed the residential
  3. ... And businesses.
  4. Town Centres didn’t start declining since September 2008 (when the financial crisis hit) its been a much longer process – we’ve removed the retail
  5. Greeley Square 34 th Street BID