A combination of economic crises and a tax code based on square footage rather than rentals is encouraging a raft of demolitions that is leaving parts of London looking like it's been bombed again.
"To many observers, Britain's urban areas are beginning to resemble the years of the Blitz.
But this time, the empty lots are being caused not by bombs but by a freak combination of disasters in the financial system, the real-estate market and the tax code that have turned one of the world's largest real-estate booms into a recipe for derelict and abandoned properties.
As the condo market has disappeared and mortgage lending has shrunk 40 per cent, [developers] have lost their sources of financing, and there is a real possibility that huge stretches of downtown cores will be unbuilt and left as half-demolished stretches of wasteland."
FULL STORY: Tax code fuels London's second blitz
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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With Protected Lanes, 460% More People Commute by Bike
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
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