SEE: Regeneration: 4.A11C

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  • 4.A11C: Stakeholders in urban regeneration
    • Funding
      • Public
        • Government funded, usually used for big projects that are not profitable
        • E.g. infrastructure, major national events, health services
          • 2012 Olympic Games
        • + Good as provides services where they are needed, not where they will make a profit
        • - Can be slow and inaccurate with budgeting and delivery
      • Private
        • Used when an investment will lead to major profit
          • E.g. technology investment, shopping centre like Westfield
        • It is profit-driven so usually energetic and creative, but serves the interests of the company not the public
      • Public/private
        • Mix of gov and private companies
        • Used where cost is high but can still be shared with private sector
          • E.g. housing healthcare, London Docklands regeneration
    • London 2012 Stakeholders
      • Central government
        • London Legacy Development Corporation
        • Success: use of venues post 2012, increased employment, increased housing
      • Local government- elected councils
        • Tower Hamlets, Newham, Hackney, Waltham councils
        • Success: regeneration post 2012
      • Regional gov- London Assembly
        • Mayor + Assembly responsible for ensuring transportation was effective
        • Success: effective transport, supporting economy/housing post 2012
      • Local economy/people
        • 5,000 people employed on the site of the games, they needed to be compensated
          • Local residents also needed to be compensated- success would be little disruption
      • Environmental
        • Deindustrialisation had caused derelection
          • Success: clean up of area, more green spaces, reduced dereliction

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