IDEAS home Printed from https://ideas.repec.org/a/sae/loceco/v32y2017i6p505-524.html
   My bibliography  Save this article

Still vacant after all these years – Evaluating the efficiency of property-led urban regeneration

Author

Listed:
  • David Adams

    (Urban Studies, School of Social and Political Sciences, University of Glasgow, UK)

  • Alan Disberry

    (Independent Researcher)

  • Norman Hutchison

Abstract

Property developers and investors have been at the forefront of urban regeneration in the UK since the 1980s. This has produced an emphasis on prime office space, luxury apartments, shopping centres and leisure attractions, which has been widely criticised on social equity grounds. There has, however, been only limited interrogation of the failure of property-led regeneration to deliver on the development it promises or on whether it represents good value for public money. Nottingham Eastside is one such example of policy and market failure, where for over a quarter of a century, property developers and investors have come and gone, none of four masterplans have been implemented, decontamination and infrastructure provision has never been completed, and most of the land is still vacant. By reconstructing the story of Nottingham Eastside, the paper argues that over-reliance on property-led regeneration can be highly inefficient, let alone inequitable, as a means to achieve strategic urban redevelopment.

Suggested Citation

  • David Adams & Alan Disberry & Norman Hutchison, 2017. "Still vacant after all these years – Evaluating the efficiency of property-led urban regeneration," Local Economy, London South Bank University, vol. 32(6), pages 505-524, September.
    • Handle: RePEc:sae:loceco:v:32:y:2017:i:6:p:505-524
    DOI: 10.1177/0269094217729129
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0269094217729129
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0269094217729129?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Eamonn D'Arcy & Geoffrey Keogh, 1999. "The Property Market and Urban Competitiveness: A Review," Urban Studies, Urban Studies Journal Limited, vol. 36(5-6), pages 917-928, May.
    2. I Turok, 1992. "Property-Led Urban Regeneration: Panacea or Placebo?," Environment and Planning A, , vol. 24(3), pages 361-379, March.
    3. Colin Jones, 1996. "The Theory of Property-led Local Economic Development Policies," Regional Studies, Taylor & Francis Journals, vol. 30(8), pages 797-801.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dejana Nedučin & Milena Krklješ & Svetlana K. Perović, 2021. "Demolition-Based Urban Regeneration from a Post-Socialist Perspective: Case Study of a Neighborhood in Novi Sad, Serbia," Sustainability, MDPI, vol. 13(18), pages 1-29, September.
    2. Neil Gray & Hamish Kallin, 2023. "Capital’s welfare dependency: Market failure, stalled regeneration and state subsidy in Glasgow and Edinburgh," Urban Studies, Urban Studies Journal Limited, vol. 60(6), pages 1031-1047, May.
    3. Gu, Yiquan & Lord, Alexander & Eika, Anders & Dethier, Perrine & Samsura, D. Ary A. & Nordahl, Berit Irene & Sommervoll, Dag Einar & van der Krabben, Erwin & Halleux, Jean-Marie, 2021. "Fair shares? Advancing land economics through cooperative game theory," Land Use Policy, Elsevier, vol. 106(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lei Zhou & Shan Yang & Shuguang Wang & Liyang Xiong, 2017. "Ownership reform and the changing manufacturing landscape in Chinese cities: The case of Wuxi," PLOS ONE, Public Library of Science, vol. 12(3), pages 1-21, March.
    2. David Valler & David Betteley, 2001. "The Politics of 'Integrated' Local Policy in England," Urban Studies, Urban Studies Journal Limited, vol. 38(13), pages 2393-2413, December.
    3. Shaleen Singhal & Jim Berry & Stanley McGreal, 2009. "A Framework for Assessing Regeneration, Business Strategies and Urban Competitiveness," Local Economy, London South Bank University, vol. 24(2), pages 111-124, March.
    4. Simon Guy & John Henneberry, 2000. "Understanding Urban Development Processes: Integrating the Economic and the Social in Property Research," Urban Studies, Urban Studies Journal Limited, vol. 37(13), pages 2399-2416, December.
    5. Rob Atkinson, 2000. "Combating Social Exclusion in Europe: The New Urban Policy Challenge," Urban Studies, Urban Studies Journal Limited, vol. 37(5-6), pages 1037-1055, May.
    6. Hermanus Geyer Jr, 2011. "The Retail City in Greater Birmingham – The changing face of urban retail districts as a result of retail-led regeneration and containment policy," ERSA conference papers ersa11p1358, European Regional Science Association.
    7. N A Phelps, 1997. "A Hazard of New Fortunes: The Built Environment and Economic Development in Croydon," Environment and Planning B, , vol. 24(5), pages 643-645, October.
    8. Ari-Veikko Anttiroiko, 2016. "City-as-a-Platform: The Rise of Participatory Innovation Platforms in Finnish Cities," Sustainability, MDPI, vol. 8(9), pages 1-31, September.
    9. Winifred Curran, 2004. "Gentrification and the Nature of Work: Exploring the Links in Williamsburg, Brooklyn," Environment and Planning A, , vol. 36(7), pages 1243-1258, July.
    10. Manuel Fernández-García & Clemente J. Navarro & Irene Gómez-Ramirez, 2021. "Evaluating Territorial Targets of European Integrated Urban Policy. The URBAN and URBANA Initiatives in Spain (1994–2013)," Land, MDPI, vol. 10(9), pages 1-18, September.
    11. Paul Westhead & Stephen Batstone, 1998. "Independent Technology-based Firms: The Perceived Benefits of a Science Park Location," Urban Studies, Urban Studies Journal Limited, vol. 35(12), pages 2197-2219, December.
    12. R Imrie & H Thomas, 1993. "The Limits of Property-Led Regeneration," Environment and Planning C, , vol. 11(1), pages 87-102, March.
    13. Levy, Deborah & Hills, Raewyn & Perkins, Harvey C. & Mackay, Michael & Campbell, Malcolm & Johnston, Karen, 2021. "Local benevolent property development entrepreneurs in small town regeneration," Land Use Policy, Elsevier, vol. 108(C).
    14. Edsel E. Sajor, 2005. "Professionalisation or Hybridisation? Real Estate Brokers in Metro Cebu, the Philippines, during the Boom of the 1990s," Urban Studies, Urban Studies Journal Limited, vol. 42(8), pages 1321-1343, July.
    15. John Henneberry & Claire Roberts, 2008. "Calculated Inequality? Portfolio Benchmarking and Regional Office Property Investment in the UK," Urban Studies, Urban Studies Journal Limited, vol. 45(5-6), pages 1217-1241, May.
    16. Rob Atkinson, 1999. "Discourses of Partnership and Empowerment in Contemporary British Urban Regeneration," Urban Studies, Urban Studies Journal Limited, vol. 36(1), pages 59-72, January.
    17. Alastair Adair & Jim Berry & Stanley McGreal, 2003. "Financing Property's Contribution to Regeneration," Urban Studies, Urban Studies Journal Limited, vol. 40(5-6), pages 1065-1080, May.
    18. M Pryke & P Knox, 1994. "Commentaries," Environment and Planning A, , vol. 26(2), pages 167-176, February.
    19. John Edwards, 1995. "Social Policy and the City: A Review of Recent Policy Developments and Literature," Urban Studies, Urban Studies Journal Limited, vol. 32(4-5), pages 695-712, May.
    20. Laura Francis & Huw Thomas, 2006. "Evaluating Property-led Initiatives in Urban Regeneration: Tracing Vacancy Chains in Cardiff Bay," Local Economy, London South Bank University, vol. 21(1), pages 49-64, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:loceco:v:32:y:2017:i:6:p:505-524. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.lsbu.ac.uk/index.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.