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As the article says, it's a trend which proceeded Covid, but accelerated under lockdown. At best, the short term fixes are ameliorative. Free parking and lunch vouchers isn't going to "fix" this problem, and as the article also says (as have others published here) conversion to residential is a mixed bag: it is increadibly costly, major code issues abound, and from sales records has a high failure rate in the market: expectations of value differ. I tend to think there's a massive listed property trust write down either gone through, overdue or waiting for China to finish falling over. Once the dust settles, the cost of re-development of the city core will differ. I hang on a forum for city planning [*] regrettably called skyscrapercity.com -Regrettably because in fact, most cities are not skyscrapers and most cities with skyscrapers don't need more of them. I know I am an outlier in this belief in my home town (Brisbane) and it is fantastically difficult to bust through the persisting claims "taller is better" -In short (hah) it isn't always so, and it isn't the vision of the city we want to either work or live in, as this article points out. It's not covid, it's us. We've been heading here for a long time. We don't like living and working in Canyons. Livable cities have a 15 minute circumference to everything you need including water, parks, shops, and services. They are built on a human scale which typically tops out at 8 to 10 storeys and have a small Central Business District scaled to the commerce needs. A very few world cities need more, and all of them are under significant stress regarding land cost, building cost, and heritage preservation. It is actually rare for WW2 to deliver scale opportunities for rebuilding, as it did in Rotterdam and Tokyo. I don' think proposing large scale bombing of major capital cities is a good planning move. [*] https://www.skyscrapercity.com/ |
You say that, but don't underestimate the awfulness of London's planning departments: https://academic.oup.com/joeg/article/21/6/869/6213370