De-risking transport-oriented development regeneration

Huston, Simon, Darchen, Sebastien and Ladouceur, Emma (2012) De-risking transport-oriented development regeneration. Journal of Urban Regeneration and Renewal, 5 3: 224-234.

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Name Description MIMEType Size Downloads
Author Huston, Simon
Darchen, Sebastien
Ladouceur, Emma
Title De-risking transport-oriented development regeneration
Journal name Journal of Urban Regeneration and Renewal   Check publisher's open access policy
ISSN 1752-9638
Publication date 2012-03-30
Sub-type Article (original research)
Volume 5
Issue 3
Start page 224
End page 234
Total pages 11
Place of publication London, United Kingdom
Publisher Henry Stewart Publications
Collection year 2013
Language eng
Abstract Many global cities are poorly configured to cope with population shifts, climate change and peak oil. Transport-oriented development (TOD) could help reconfigure cities towards sustainability. TOD projects have dual logistical and place-enhancement functions however, and this ambiguity carries over to form and extent. The allocation, coordination and construction of multiple projects to revamp, connect and beautify can be contentious, complex and expensive. Planning regimes are usually conservative, and have competing objectives and dislocated organisational architectures. The consequence is often high-risk. The resolution to functional, financial and institutional TOD dispute is de-risking in two modes. In Mode 1, developers and government agencies remain separate but collaborate on an ad hoc basis, contaminated by uplift advocacy. In Mode 2, a Special Purpose Vehicle is formally constituted and risks are distributed more transparently. Given transport and financial constraints in many regional cities, Mode 2, or a public-private TOD partnership (PPP), is appealing but not without danger. PPPs are prone to agency problems while, empirically, their cost-effectiveness track record is mixed. Whatever the mode, coherent spatial development requires cooperation for efficient use of resources.
Keyword Transport-oriented development
Special Purpose Vehicle
Tax increment financing
Public-private partnerships
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: School of Geography, Planning and Environmental Management Publications
Official 2013 Collection
UQ Business School Publications
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Created: Tue, 13 Dec 2011, 17:11:49 EST by Sebastien Darchen on behalf of School of Geography, Planning & Env Management