The Infrastructural Limits to Growth: Rethinking the Urban Growth Machine in Times of Fiscal Crisis

By L. Kirkpatrick, Michael P. Smith. 2011

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Demolishing the Present to Sell off the Future? The Emergence of ‘Financialized Municipal Entrepreneurialism’ in London (2018, background): “…across various arenas of local government activity, including urban redevelopment (Rutland 2010), urban infrastructure (Ashton et al. 2016), Tax Incremental Financing (Pacewicz 2013), post-natural disaster redevelopment (Gotham 2016) and debt-led growth strategies (Kirkpatrick & Smith 2011).”
The de-contextualisation of land use planning through financialisation: Urban redevelopment in Milan (2016, background): “the public risk of planned projects, the financial risk of land development for local governments and weaker public budgets (Hackworth, 2002; Kirkpatrick and Smith, 2011).”
Developing by borrowing? Inter-jurisdictional competition, land finance and local debt accumulation in China (2017, background): “After the financial crisis, such strategies have been challenged by the ‘reverse infrastructural trap’ and growing conflicts between municipal bondholders and municipal employees (Kirkpatrick and Smith, 2011).”