Global & Urbanism: Solutions for City-Building ?
Patrice Derrington
Solutions for City-Building ? Patrice Derrington URBAN - - PowerPoint PPT Presentation
Global & Urbanism: Solutions for City-Building ? Patrice Derrington URBAN DEVELOPMENT CHALLENGES Rate of urbanization: Now >50% of the worlds population are urban dwellers. By 2050, another 2.5B urban dwellers. =>
Patrice Derrington
1.
Provision of Infrastructure
2.
Provision of Housing
3.
Community Amenities and Community Advancement
4.
Provision for Commerce & Economic Activity
Jakarta, Indonesia
Or, also have successive bankruptcies?
Late in the process Uniformed on both sides What is at issue?
FULTON STREET STATION
FULTON STREET STATION
CALATRAVA INTER-MODAL TRANSPORT CENTER
Commercial in Confidence
Commercial in Confidence
form Penrith Lakes Development Corporation – 1,935 ha – current shareholders being Boral (40%), Rinker (40%) and Hanson (20%).
permits the extractive activities and requires basic remediation
and dedication to NSW Govt.
freehold residential sales.
may take another 3-5 years for full extraction at current rates.
Commercial in Confidence
drive State’s economic growth – Penrith Lakes provides significant housing (but only 20% of site), 6000 jobs, and commercial activities. Penrith has limited sites.
natural environments (riverbank), and recreational
regionally.
Commercial in Confidence
Bring back an ecology:
environmentally sustainable remediation of quarry site.
the environment and range from wilderness experience to extreme sports.
“sense of place”.
and safe residential communities.
jobs and volunteer activities.
Commercial in Confidence
Commercial in Confidence
Hydrology – braided channels
Commercial in Confidence
Ecology - reflecting landform and drainage
Commercial in Confidence
Movement - orthogonal
Commercial in Confidence
Integrated Site Design, Approval and Development
precincts ranging from active engagement to passive wilderness experience.
distributed.
medium-rise to 2ha rural residential.
Commercial in Confidence
Riverland Lakeland Wetland Community land Wilderness
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
development and recreation use
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
PLDC Site
PUBLIC DOMAIN
develop amenities and landscape
maintain
PLDC residential & employment freehold land
sales by PLDC
400 ha 1500 ha
Completion of quarry activities
Commercial in Confidence
1:6 maximum slope landform, not above 100-year flood level
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
Commercial in Confidence
$170M
Lake edges with variation $20M Modulation of landform $15M Riverbank remediation and additional vegetation $35M Public Facilities including Indigenous and European heritage $55M ______ Total $125M
$15-19M / annum
Commercial in Confidence
For Deed remediation from PLDC $170M Without Residential levy $0 With residential levy over 15 years $250M (approx)
Remediation Obligations
PENRITH LAKES PUBLIC DOMAIN Residential & Employment Freehold Land
Development Costs 10%
Net Sales 90%
Revenues
PLDC
Commercial in Confidence
Capital Costs $125 M Ongoing Maintenance Costs $15 - $19M/annum
Capital Costs from PLDC “levy” $125M Ongoing Maintenance Costs for first 10 years from PLDC “levy” $125M Private Penrith Lakes Trust for year 11 on $15-19M/annum
Commercial in Confidence
Examples of private funding in Australia and New Zealand:
Penrith Lakes’ Challenges:
Penrith Lakes’ Advantages:
Commercial in Confidence TRUST NSW State Government 99 year lease Public Domain & Regatta Centre
PLDC
Residential & Employment Freehold Land
Penrith Lakes Community Infrastructure
DEVELOPMENT COSTS REVENUES FROM SALES
Land remediation
Fund Sponsor & Manager Operations Management 10% net sales revenues
PUBLIC LANDS & LAKES
Retail/Parking Concessions Research Centre Hospitality Concessions Recreational Concessions CONCESSION REVENUES DEVELOPMENT COSTS
External Funds Equity & Debt
RESIDUAL OWNERSHIP & LAND TITLE
Dedication of Public Domain
Community Amenities Cultural Activities MANAGEMENT & MAINTENANCE Dividends Or P&I
Capital
Commercial in Confidence
Commercial in Confidence
the socio-economic process by which THE COMMUNITY makes manifest in its BUILT ENVIRONMENT its VALUE SYSTEMS & aspirations with the AGENCY of:
Haddad Law Frim
Commerce City, CO.
Condo.ca.
CRE returns infrastructure Community Engagement