New Assets for New Economy

1
New Assets for New Economy

• Hallmarks of a New Economy
• Creativity Centered-not product centered
• Design based over development based
• Human Capacity over power and energy
• Place and critical vs incidental
• Place creates the economy vs economy designed to
  fit the economy
• Agglomeration of clusters vs clusters as base

2
Industrial TransformationOld Infrastructure -
not to build community but to serve industry
3
Economic Development as Rural and Small Town
Revitalisation
4
Communities Built for Factories
5
Economic Development as Retail Space and
Employment
6
Factors of Globally Competitive Regions

• Cosmopolitan Character
• International Division of Labor
• Concentration Producer Services
• World Financial Center
• Global Corporate Services

7
Sydneys World Region Peers
8
Winning Regions
9
A Creative People Based Economy
10
Cultural Connections

• Village feel
• Across age spectrum
• Social Space and Economic space
• Mobility and accessibility
• Community Participatory structures

11
New Tools for Retro-fitting Communities
12
(No Transcript)
13
(No Transcript)
14
Financing the New Knowledge Precincts
Knowledge Space Live-work Space Work-Communi-spa
ce
15
Building TechKnowledge-Industry into the fabric
of the community
Waste Space as New Incubator for Techknowledge
Industries
16
(No Transcript)
17
(No Transcript)
18
Recent population increases are largely the
result of immigration and the growth of racial
and ethnic minorities.
Return Home
19
The fastest growing industry clusters were
Information and Communications Services (2.3)
Health (2.2) and Business Services (1.9).
Return Home
20
HEALTHY, EDUCATED POPULATIONS
Return Home
Return Home
21
Smarter Community Facilities and Infrastructure
Planning

• Combining Location
• Combining facilities
• Life Cycle Facility Planning
• Use of New Technologies to spread work and link
  activities like school and work

22
(No Transcript)
23
(No Transcript)
24
(No Transcript)
25
(No Transcript)
26
(No Transcript)
27
(No Transcript)
28
Fully Multi-Opportunity and Multi-generational
Master Plan Communities

• Planned land uses include
• 3 Distinct Residential Neighborhoods
• 18-hole Golf Course and Clubhouse
• Restored and preserved Temescal Creek, hillsides,
  open space and habitat throughout Conference and
  Resort Hotels
• Lifestyle Retail Center
• Two Lakes
• Lakeside Recreation and Entertainment
• Lake-adjacent Live/Work LoftsBusiness/Office
  Facilities, golf and open space adjacent
• Corporate Office Facilities, golf adjacent

29
Place Building Infrastructure Finance

• New Communities
• Community Associations with community assessment
  structures
• Regional Tax sharing to build common community
  economic facilities (local business parks and
  entertainment etc)

• Retrofitting Suburbs
• Community Enhancement Districtseg Main Streets
• Business Improvement Districts with own fee and
  service structures (issue bonds and guarantee
  debt with government underwriting

30
Plans as Assets of Finance

• Master Development Plan Financing
• Development Future as the Goal for finance Plan
  not just current returns
• Financing the soci-economic and environmental
  sustainability as key ingredients to measuring
  returns

31
Human Capital Techno-Infrastructure Nodes
Catalyst
32
New Human Knowledge Financing Package

• New Financing Partnerships
• Lead Financing Institution
• International Finance Assembler
• Government as Enablerinvestor (Regulation and
  Direction)
• University as Knowledge ware creator (Facility
  and shared incubation space, investment and joint
  funders as well as patent and royalty income
  splits)
• Real Estate Developer (Vision, assembly, design
  and Implementation
• NGO-Housing and Social Infrastructure Provider
• Merchants/Retail/Commercial Joint Venture
  Partners
• Package Financing vs project Financing
• Superannuation schemes as underwriters and
  Participants

33
Social Capital Infrastructure

• Social Institution Building as critical
  development component
• Hospitals
• Schools
• Adult Continuing Learning
• Libraries as integrated social capital centres

34
Community Social Infrastructure Building
35
Mobilecommunity
36
Tele-community Infrastructure

• Home as base for economic opportunity
• Move work to people vs moving people to work
• Creation of community based work centres

• Financing the Re-use of Existing housing and
  community infrastructure
• Financing new wireless community based intra and
  internets

37
Local Tele-services as Anchors
38
NGOs, other Non Profits as Social and Community
Capital Development Institutions
39
Arts and Performance Talent

• The arts are the corner stone of a viable
  communitythey are the economic attractors of the
  21st Century
• Carnegie Hall
• San-Francisco-Opera-House
• Disney-Performance-Center-LA

40
The Evolution of the University
41
New Civic Infrastructure
42
Leisure as the New Magnet Infrastructure

• Attractive Communities have world class resources
  that attract talented people
• San Diego Zoo
• Stanford Linear Accelerator

43
Re-use of Old Assets
44
Building Incubator Communities
45
Community Creative Space
46
Civic Space as an Important Asset
47
Regional Institutional Infrastructure
Regional Resource Building
48
Globally Linked Locally Rooted
49
New Institutional Frameworks Use New Approaches

• Asset backed Financing
• Risk spreading over multiple projects and
  organisations
• New Leadership Structures to carry out longer
  term projects