"Public land in cities can be a great asset for urban investment, but it could also be a deterrent to investment if it is not used optimally. ULI's reports play a key role in promoting the understanding of European city development dynamics, both for cities and for investors," said Alexander Otto, Chairman of ULI Europe.
The key role that public land plays in attracting private investment in urban areas is explored in a new report from ULI Europe. The report is based on the conclusions of a workshop sponsored earlier this year by ULI Europe's Urban Investment Network. The network aims to foster an ongoing dialogue between public- and private- sector leaders on ways to bridge investment gaps and overcome urban development challenges.
According to the report, the potential of public property to leverage economic development is too often squandered due to the lack of a strategy for effective public land management for cities seeking to raise their rate of investment. "Public land is potentially an underutilized resource, especially when public finances are tight," says the report.
Several case studies of programs and plans in the report illustrate creative leveraging of public land: HafenCity in Hamburg, Europe's largest urban development zone; the 22@ District in Barcelona, formerly derelict industrial land now being built as a compact city; Prospect Edinburgh in Edinburgh, which seeks to regenerate four key development regions; integrated province planning in Istanbul, a strategy to promote more balanced development patterns; the ground lease system in Amsterdam, a century-plus-old system being revisited to ensure the best outcomes for the city's development ventures; Paris and the Ile De France region, which seeks to factor in environmental concerns in future development and to reorganize the public transportation system; and the Olympic Park Legacy in London, which seeks to maximize use of the publicly owned land on which the Olympic Park is being constructed.
You can download the brochure here: