Four ways of funding an urban intervention
This two-by-two matrix describes the basic strategies available for organizing the financial support of proposed undertakings in the built environment. Each will have implications for the likelihood that necessary levels of funding can be maintained over the medium to long term; for the scalability and repeatability of the proposed intervention; for the absolute level of financing achievable (as well as for the timeframe in which this financing can be assembled); and for perceptions of the proposition’s legitimacy.
“Venture capital” should here be understood to include all speculative operations with private financing, i.e. the ordinary practice of commercial real-estate development, while combined approaches (so-called “public-private partnerships”) are occasionally possible. Virtually all contemporary investment in the built environment takes place in the upper two quadrants of this matrix.
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- An index, 2017 4 March 2017
- Radical Technologies: The Design of Everyday Life, now available for pre-order 9 December 2016
- “What Shapes The City?”: Upcoming talk at University of Toronto, November 21st 28 October 2016
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- Ravenswood Design on On the ground running: Lessons from experience design