211. An Assessment of Institutional and Legal Factors in Relation to Failure of Urban Regeneration
- Author:
- Tuna Kuyucu
- Publication Date:
- 11-2018
- Content Type:
- Policy Brief
- Institution:
- Turkish Economic and Social Studies Foundation (TESEV)
- Abstract:
- Large scale urban renewal projects, or ‘urban regeneration’ projects as commonly known in Turkey, are one of the most important political tools for the transition of cities from industry into service-heavy economic structures. Since 1970s regeneration projects have triggered substantial changes in urban economic geographies and caused extensive demographic shifts in the idle industrial, coastal and low socioeconomic residential areas of cities in late-capitalist countries. Yet, in Turkey they have started being implemented much later, with the first comprehensive regeneration policy devised in 2005 when the Justice and Development Party (AKP) came to power. Until 2000’s there existed significant financial and legal barriers to urban renewal. Struggling with budget deficits and high interest rates throughout the 90s, the state was not financially capable of urban renewal, which requires significant resources. On the other hand, Turkey’s local governance policies and financing did not allow municipalities to implement such projects by themselves. Finally, private sector actors (real estate investment trusts, major contractors, finance companies) lacked either any interest or the resources for urban renewal projects in the pre-2002 period characterised by high interest rates and inflation. When all these factors combined, despite serious need for regeneration and renewal in Turkey’s cities, unfortunately regeneration projects almost never came to life.
- Topic:
- History, Governance, Legislation, and Urban
- Political Geography:
- Turkey and Middle East