Urban assets and the financialisation fix

Land tenure, renewal and path dependency in the city of Birmingham

Datos Bibliográficos

ID12913809
AutoresJohn R Bryson (0000-0002-6435-8402, University of Birmingham), Rachel Ann Mulhall, Rachel Mulhall (University of Birmingham), Meng Song (0000-0003-2375-6807, Cardiff University), Richard F Kenny, Richard Kenny
Año2017
Volumen10
Número3
Páginas455-469
Fecha de publicación2017-08-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaCambridge Journal of Regions Economy and Society (JOURNAL)
Identificadores de la revistaISSN: 1752-1386 • E-ISSN: 1752-1378
EditorialOxford University Press (OUP) (PUBLISHER)
DOI10.1093/cjres/rsx013
OpenAlexW2755187530
IdiomaEN
Citas recibidas8
Referencias citadas17

Cities are places of incremental decision-making involving complex negotiations that produce accumulations of urban assets and path dependency. The ownership, control and co-ordination of urban land and its transformation into an investment asset is a key link between economic interests and urban activities that come together in site-based "financialisation fixes" . A financialisation fix combines a development solution for a specific site with a financial model creating a locally embedded asset. This article examines how land tenure (freehold versus leasehold rights) influences the transformation of a city and the role a local authority plays in the financial management of land assets. This includes an analysis of the application of financialisation to urban assets and the first tax increment financing scheme of 1875

Asset (computer security · Business · Dependency (UML · Economic system · Economics · Financialization · Freehold · Geography · Investment (military · Land tenure · Leasehold estate · Negotiation · Path dependency · Political science · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Political Economy and Marxism · Finance · Law