After years of spectacular growth and even more spectacular architecture, the city state of Dubai is facing crushing debts and has requested a 6-month "standstill" on its repayments.
The glitzy city-state of Dubai, which until recently was announcing one mega project after another, is now "swamped" under $60 billion in debt and is asking for a 6-month reprieve on debt payments, to give it time to come up with a plan to get its finances in order. Global markets took a hit with the news, but the signs were there: in recent months the city's real estate projects have also slowed to a crawl:
"After months of denial that the economic downturn even touched the glitzy city-state, the Dubai government earlier this year showed signs of trying to deal with the financial fallout that has halted dozens of projects and touched off an exodus of expatriate workers...The more than 2,600-foot (800-meter) Burj Dubai is scheduled to open in January as the world's tallest building. But many other projects, including a tower even taller than the Burj Dubai and satellite cities in the desert, are still just blueprints."
FULL STORY: Dubai's Request For Debt 'Standstill' Shakes World Markets
COP28: Will Developed Nations Reduce Emissions?
Tensions between developed and developing nations surfaced over emissions and energy, with the former focused on reducing fossil fuels and the latter pointing to unrealized emissions reductions from the nations most responsible for global warming.
Dubai to Offer Free Parking and Charging to Electric Car Drivers
A city famous for its oil money is implementing generous incentives for electric cars.
World's First Passenger Drone Readies for Takeoff in Dubai
This summer, commuters may have another option for moving around Dubai as a pilotless drone is prepared to shuttle passengers around the city.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.
As Trump Phases Out FEMA, Is It Time to Flee the Floodplains?
With less federal funding available for disaster relief efforts, the need to relocate at-risk communities is more urgent than ever.
With Protected Lanes, 460% More People Commute by Bike
For those needing more ammo, more data proving what we already knew is here.
In More Metros Than You’d Think, Suburbs are Now More Expensive Than the City
If you're moving to the burbs to save on square footage, data shows you should think again.
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.
Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)