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 world’s population are urban • dwellers. By 2050, another 2.5B urban dwellers. •

=> MUNICIPAL CHALLENGES: Provision of Infrastructure 1. Provision of Housing 2. Community Amenities and 3. Community Advancement Provision for Commerce & 4. Economic Activity Jakarta, Indonesia

URBAN DEVELOPMENT CHALLENGES Rate of urbanization => DEVELOPMENT OPPORTUNITIES?

How our cities are built?

Developers are seen to make excessive profits Or, also have successive bankruptcies?

Stalled infrastructure

Community Protests Late in the process Uniformed on both sides What is at issue?

FULTON STREET STATION

FULTON STREET STATION

CALATRAVA INTER-MODAL TRANSPORT CENTER

Penrith Lakes Overview Commercial in Confidence

Background of Quarry Activities Quarries merged in 1980 to  form Penrith Lakes Development Corporation – 1,935 ha – current shareholders being Boral (40%), Rinker (40%) and Hanson (20%). 1987 Deed of Agreement  permits the extractive activities and requires basic remediation of landscape and lake formation and dedication to NSW Govt. Option to develop 410 ha for  freehold residential sales. Remaining quarry resources  may take another 3-5 years for full extraction at current rates. Commercial in Confidence

State Significance  One of six key regional cities to drive State ’ s economic growth – Penrith Lakes provides significant housing (but only 20% of site), 6000 jobs, and commercial activities. Penrith has limited sites.  Has significant historical sites, natural environments (riverbank), and recreational opportunities that contribute regionally. Commercial in Confidence

Planning Brief Bring back an ecology:  Exemplar of environmentally sustainable remediation of quarry site.  Recreational activities that respect the environment and range from wilderness experience to extreme sports.  Major tourist attraction with distinct “sense of place” .  Progressive setting for sustainable and safe residential communities.  Opportunities for wide variation of jobs and volunteer activities.  A place of pride for Penrith. Commercial in Confidence

Natural transect Castlereagh Floodplain  Ecological associations reflecting fluvial processes  Berms, swales, shoals and lakes Essence of Place Commercial in Confidence

Residual patterns Hydrology – braided channels Essence of Place Commercial in Confidence

Residual patterns Ecology - reflecting landform and drainage Essence of Place Commercial in Confidence

Residual patterns Movement - orthogonal Essence of Place Commercial in Confidence

Proposed Planning Integrated Site Design, Approval and Development  Significant recreational precincts ranging from active engagement to passive wilderness experience.  Residential “villages” distributed.  Range of densities from medium-rise to 2ha rural residential. Commercial in Confidence

Recreation Opportunities  A plethora of recreation settings within:  Riverland  Lakeland  Wetland  Community land  Wilderness  Special activity areas and buildings in parklands  Commercial concessions Concept Plan Commercial in Confidence

Concept Plan Commercial in Confidence

Concept Plan Commercial in Confidence

Concept Plan Commercial in Confidence

Wilderness Urban Form  Gradation of intensity of urban development and recreation use Rural Suburban Civic Urban Concept Plan Employment Commercial in Confidence

Concept Plan Commercial in Confidence

Concept Plan Commercial in Confidence

Circulation : Pedestrians / Cyclists  Great River Walk  Commuter and sports loop  On road cycleways  Recreational shared paths  Dedicated primary and secondary pedestrian  Walkways Concept Plan Commercial in Confidence

Concept Plan Commercial in Confidence

Concept Plan Commercial in Confidence

Employment Precincts  Dedicated ‘ bio-technology ’ precinct  ABGR 5 star  Stage 1 incubator  River and wetland prospect  Mixed use precincts Concept Plan Commercial in Confidence

Concept Plan Commercial in Confidence

Private Urban Development + Private Delivery of Public Recreational Precinct FUNDING? Commercial in Confidence

Completion of quarry activities develop 1500 ha operate & PUBLIC amenities maintain and landscape DOMAIN PLDC Site PLDC residential sales by & employment PLDC 400 ha freehold land Commercial in Confidence

Default Deed Remediation Lake forms with 1:6 stabilised edges  Natural water ecosytem in place  Two boat ramps  Landform stabilised at 95% compaction (non-load bearing) with  1:6 maximum slope landform, not above 100-year flood level 100mm topsoil  125,000 trees  Miscellaneous parkland furniture  Dedication in large portions upon remediation completion  Commercial in Confidence

Commercial in Confidence

Parkland Issues 1. Feasibility of Urban Development requires precinct with high-quality recreational and aesthetic amenities. 2. Expectations of the community are for an active, high- quality recreational precinct, significantly more than basic remediation. 3. On-going maintenance and management of parklands requires: Expensive ecology and water management – $12-15M/annum  High level of security to prevent vandalism and abuse  Commercial in Confidence

Objectives for Parklands 1.Deliver a high quality public domain with passive and active amenities 2.Provide a funding mechanism of no net cost to State and Council 3.Establish a viable management entity for maintenance, evolution and safety Commercial in Confidence

Costs of Parkland 1. Cost of basic remediation: $170M 2. Cost of upgrading parklands over basic remediation: 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 3. Ongoing maintenance cost $15-19M / annum Commercial in Confidence

Existing Funding for Remediation and 10% Deed “ levy ” from PLDC For Deed remediation from PLDC $170M Without Residential levy $0 With residential levy over 15 years $250M (approx) Remediation Obligations PLDC PENRITH LAKES Net Sales 90% PUBLIC DOMAIN Development 10% Revenues Costs Residential & Employment Freehold Land Commercial in Confidence

Funding Shortfall Capital Costs $125 M Ongoing Maintenance Costs $15 - $19M/annum Funding Proposal for Shortfall 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

Potential for Private Funding Examples of private funding in Australia and New Zealand: Cornwall Park in Auckland  NSW Primary Schools (9 to date)  Hospitals, prisons, roads, waste removal, facilities management  Penrith Lakes ’ Challenges: Recreational activities generally low-revenue  Significant free access to amenities required  Regatta Centre has established unusually high benchmark for amenities  Penrith Lakes ’ Advantages: No land cost  Significant rehabilitation work done by PLDC  Residential sales levy provides revenue stream  Similar privately provided precincts globally  Commercial in Confidence

Proposed Introduction of Private Funding Dedication of Public Domain TRUST 99 year lease Public Domain & Land remediation Regatta Centre obligations Penrith Lakes NSW State Community Infrastructure Government Fund Sponsor & Manager Operations Management RESIDUAL OWNERSHIP & LAND TITLE 10% net sales revenues PLDC MANAGEMENT & MAINTENANCE Dividends External Or P&I Funds CONCESSION REVENUES DEVELOPMENT COSTS Equity & Debt Capital REVENUES FROM DEVELOPMENT COSTS SALES PUBLIC LANDS & LAKES Residential & Employment Freehold Land Community Retail/Parking Research Hospitality Recreational Cultural Amenities Concessions Centre Concessions Concessions Activities Commercial in Confidence

Penrith Lakes Trust Structure Commercial in Confidence

Governance Structure Commercial in Confidence