Real Estate, Finance and Urban Development 2: Financialization of Urban Development

Type: Paper
Theme:
Sponsor Groups: Urban Geography Specialty Group, Economic Geography Specialty Group, Political Geography Specialty Group
Poster #:
Day: 4/10/2018
Start / End Time: 10:00 AM / 11:40 AM
Room: St. Charles, Marriott, River Tower Elevators, 41st Floor
Organizers: Manuel Aalbers
Chairs: Kathe Newman

Description

Session co-organised with the Regional Studies Association (RegionalStudies.org) Research Network on Financial Geography (FinGeo.net)

Real estate and finance were at the roots of the global economic crisis that started in 2007. States and their many institutions, including central banks and financial regulators, have also been seen as complicit to the crisis. Cities have recently entered a period of severe economic turbulence, with high levels of financial uncertainty as resources of governments as well as citizens and businesses have diminished. Future funding for urban development is likely to be increasingly limited due to the reform and re-regulation of financial markets and changing underlying financial-economic conditions of urban property markets. This session emphasizes the relation between real estate, urban development and financial markets. In order to understand urban development and redevelopment processes, it is crucial to understand not only the interaction of supply and demand but also the role of state regulation as well as financial forces at work in increasingly international capital markets.


Agenda

Type Details Minutes Start Time
Presenter Frances Brill*, University College London, Building coalitions, deconstructing the developer: a relational view on real estate developer activities and risk mitigation 20 10:00 AM
Presenter Veronica Conte*, Università di Milano Bicocca, Serena Vicari, Università di Milano-Bicocca, New developers and international capital in the making of the city: towards a regime shift? An analysis of two large-scale developments in Milan and Brussels 20 10:20 AM
Presenter Thomas Corcoran*, , The Downtown Casino, Fiscal Derivatives, and Growth Machine Politics: How Tax Increment Financing Transforms Urban Housing Markets 20 10:40 AM
Presenter Samuel Stein*, CUNY Graduate Center, The Private Side of US Planning History: Three Generations of Trump Real Estate Schemes 20 11:00 AM
Presenter Denise Morado Nascimento*, Universidade Federal De Minas Gerais - B. Horizonte, MG, Daniel Medeiros de Freitas, Universidade Federal de Minas Gerais, Thais Mariano Nassif Salomão, Universidade Federal de Minas Gerais, The Mega Urban Projects in Belo Horizonte, Brazil 20 11:20 AM

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