Marc Herman writes that cities in Spain used the housing bubble as a way to finance major infrastructure projects that now, after the real estate crash, they really can't afford.
Herman says that while the crisis in the U.S. has primarily impacted homeowners, city governments are feeling the hit the worst in Spain. Herman digs into the case of the unfinished Castellon Airport:
"Castellon Airport has become one of the better-known examples of Spain's so-called "white elephant" problem. Across the country, local governments in the European nation of 44 million are saddled with thousands of publicly funded construction projects made in the starrier moments of a mid-2000s property boom."
Herman asks if the boom was just exuberance, or if there is corruption underlying the problem.
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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.
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New York City School Construction Authority
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions