Abstract
In few, if any, countries can clearance and redevelopment occur without a large, many-channelled, and co-ordinated flow of money. Of the three basic forms of renewal, clearance and redevelopment is most clearly dependent upon a set of financial institutions which will facilitate this flow. This chapter compares and contrasts some of the world’s financial systems from the perspective of accomplishing renewal, particularly clearance and redevelopment. We shall seek to discover how financial flows and financial techniques are used to concentrate ownership and capital outlay for a brief period in a small space and then, on completion of the more difficult problems of renewal in the district, how the financial techniques prepare a community to direct its attention to another district needing renewal.
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Notes
In countries with diverse types of renewal, new financial arrangements have proved necessary, also.
Grebler, op. cit., p. 13. See also U.N. ST/ECE/HOU/4, Ch. V.
See U.N. ST/ECE/HOU/4, Ch. V; Grebler, op. cit., p. 59; Great Britain Preliminary Report, and Georges Captier’s description of the Nedre Norrmalm Project in Preliminary Report of Study Group on Acquisition of Property, Standing Committee on Urban Renewal, IFHP.
UN. ST/ECE/HOU/4, pp. 62–3.
Ibid.
Ibid.
Report from Pakistan for 1965 IULA Congress, p. 4.
Claude Boistiere, in Report of IFHP International Seminar on Urban Renewal, 1959, p. 43.
Reports for IULA Congress and Grebler’s description of national programs, op. cit., pp. 52–68, 81–4.
U.N. ST/SOA/SER.C/7; U.N. ST/ECE/HOU/4, p. 52.
Report from Iran for 1965 IULA Congress; Municipal Finance in the Netherlands, undated mimeo statement by Union of Dutch Municipalities, The Hague.
Reports from Turkey and Yugoslavia for 1965 IULA Congress; California and Oregon Renewal Statutes.
Slayton, op. cit.
Report from Sweden for 1965 IULA Congress.
Report from Great Britain for 1965 IULA Congress; U.N. ST/ECE/HOU/4, pp. 49, 51–3.
Reports from Canada, Great Britain and the U.S.A. for 1965 IULA Congress.
U.N. ST/ECE/HOU/4, pp. 49, 51–3; Report from Great Britain for 1965 IULA Congress.
U.N. ST/ECE/HOU/4, p. 48; Grebler, op. cit., p. 67. This argument appears to attribute both high purchase prices and low resale prices to a single cause.
Report from Great Britain for 1965 IULA Congress, p. 18; Grebler, op. cit., p. 61. This particular system is being widely criticized because it tends to work to the disadvantage of the town or village which has a large slum problem relative to its population.
U.N. ST/ECE/HOU/4, pp. 34–6; Report from India for 1965 IULA Congress.
Union of Dutch Municipalities, op. cit., p. 3.
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Duggar, G.S. (1965). Financial Policy in Renewal. In: Renewal of Town and Village I. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-6021-8_5
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DOI: https://doi.org/10.1007/978-94-017-6021-8_5
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