Fixing Broken Cities - New Investment Policies for a Changed World

Fixing Broken Cities explores the planning, execution, and impact of urban repopulation and investment strategies that were launched in the wake of two crises: late twentieth-century economic disinvestment and the outbreak of the COVID-19 pandemic.

Because past practices could no longer serve as a reliable guide to future outcomes in this uncertain environment, any new initiatives had to involve a significant level of risk-taking. Based on the author-s experience as a policymaker and practitioner, this book provides detailed insights into the origins and outcomes of these high-risk strategies, along with an explanation of why they succeeded or failed. This new edition examines policy initiatives from a fresh perspective, based on an awareness that (1) real estate ventures are best evaluated over the long term, rather than shortly after the completion of construction activity; (2) policies that had guided the allocation of public-sector resources during past decades of