The City Builders Property Development in New York and London, 1980-2000
- List Price: $40.00
- Binding: Hardcover
- Edition: 2
- Publisher: Univ Pr of Kansas
- Publish date: 09/01/2001
- ISBN: 9780700611324
- ISBN10: 0700611320
Fainstein chronicles the progress of three development projects in New York (Times Square, downtown Brooklyn, and Battery Park City) and three in London (King's Cross, Spitalfields, and Docklands). Analyzing the political and economic processes underlying physical changes in these two cities during the last two decades, she uncovers the role played by developers' perceptions and strategies in their interactions with both public policy-makers and property markets. This new edition follows each development effort to the present and places the discussion in a newly strengthened theoretical framework.
In her investigation of the convergence between London and New York during the 1980s and then the divergence that began in the 1990s, Fainstein traces similarities and differences in the effects of globalization, ideology, and institutional structure in each city's experience. This comparative framework also sheds considerable light on the contributing roles of structure and agency in creating final outcomes.
Fainstein concludes by assessing the impact of "theme park" development on the urban fabric and recommending a set ofrealistic strategies to both redevelop cities and improve the lives of urban residents.