25. Using examples, discuss the extent to which regeneration and re-imaging of cities counteract the decline of urban in DCs
1428 words 6 pagesRegeneration refers to in the investment of capital in the revival of old and declining urban areas either by improving what is left behind or clearing away and rebuilding. Often it may be accompanied by reimaging to change the dominant perception of an urban area. Such regeneration efforts can be seen in the town of Syracuse in New York. Between 1970s to 1990s, it started to experience urban decline. Economic decline happened as a result of deindustrialisation. As Syracuse was previously the largest manufacturer of bicycles and typewrites, technological advancement has led to deindustrialisation and massive unemployment. 6000 people were retrenched from 1964 to 1984 and 9000 from 1984 to 1989. In addition the population was declining with …show more content…
The city was also facing significant population lost with the boroughs losing 25% of the population. The Docklands was characterised as a place that underwent severe decline with high rates of poverty and unemployment.
Flagship projects were implemented to bring physical, social and economic renewal to the Dockland areas via property led redevelopment. The Canary Wharfs were bought over in 1995 by private investors and there were office developments to encourage investments. The timing of the flagship projects are of utmost importance as the gradual recovery in the property market and continual rising demanding for high floor building improved the interest of the London Docklands. Several notable buildings were built and today the London Docklands houses the World Headquarters of Barclays in One Churchill place and World Headquarters of HSBC in 8 Canada Square. The development of the Dockland Light Railway and Jubilee Light Railway has also improved its attractiveness to investors due to its convenience.
By enhancing the London Docklands to business and investors, it was successfully rejuvenated. More than 600 ha of derelict land were reclaimed and 90 km of new roads built. Today, the London Docklands holds significant economic activities and more than 1 billion pounds of public sector investment and 8 billion pounds of private sector investment has been generated. 41,000 jobs have been created and total employment has doubled from 27,000 in