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New Cities and Concepts of Value

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Table <strong>of</strong> Contents<br />

Foreword.......................................................................................................................................................................................... 1<br />

Executive Summary...............................................................................................................................................................T2<br />

Introduction..................................................................................................................................................................................... 6<br />

Building <strong>Value</strong>: Key considerations on developing physical value in new cities.......... 8<br />

Infrastructure: A Means to Many Ends............................................................................................................................ 8<br />

Adapting to Context.................................................................................................................................................. 8<br />

Creating <strong>and</strong> Capturing <strong>Value</strong>............................................................................................................................ 9<br />

Avoiding a Technology Lock-in.......................................................................................................................... 10<br />

Underst<strong>and</strong>ing Social <strong>Value</strong> <strong>and</strong> the Risks <strong>of</strong> Private Infrastructure Management...... 10<br />

Financing <strong>and</strong> Affordability...................................................................................................................................................... 11<br />

Risk <strong>and</strong> the Cost <strong>of</strong> Capital................................................................................................................................. 11<br />

Gaining Public Sector Support........................................................................................................................... 11<br />

Social Policy Concerns............................................................................................................................................ 12<br />

Maintaining Affordable Housing........................................................................................................................ 12<br />

Building for <strong>Value</strong>: If you build it, will they come? <strong>New</strong> <strong>Cities</strong> as valuable places<br />

to do business............................................................................................................................................................................... 14<br />

Attracting Entrepreneurs.......................................................................................................................................................... 14<br />

Creating <strong>Value</strong> for Business................................................................................................................................. 15<br />

Placemaking <strong>and</strong> Local Identity............................................................................................................................................. 17<br />

Leaving Bl<strong>and</strong> Office Parks Behind................................................................................................................. 17<br />

Granularity....................................................................................................................................................................... 17<br />

Activating Streets....................................................................................................................................................... 18<br />

The <strong>Value</strong> <strong>of</strong> Variety................................................................................................................................................... 18<br />

The <strong>Value</strong> that Can’t Be Built: Considering intangible values for new cities................... 19<br />

Fostering Community <strong>and</strong> Sense <strong>of</strong> Ownership........................................................................................................ 19<br />

Br<strong>and</strong>ing <strong>New</strong> <strong>Cities</strong> <strong>and</strong> Attracting Residents.......................................................................................................... 19<br />

Conclusion........................................................................................................................................................................................ 21

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