Examine the Consequences of Re-urbanization on an Inner City within the UK

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David J Mothersole        Page         04/05/2007

Examine the Consequences of Re-urbanization on an Inner City within the UK

David Mothersole 12Bs 2004-10-18


Re-urbanization is the process whereby people, and sometimes businesses are attracted back into inner urban areas that had been suffering from deterioration and decline. Coin Street in Central London is a prime example of where re-urbanization has taken place, but it is slightly unusual compared to other redeveloped areas such as the Docklands; as the local community has had a big say in how the redevelopment has taken place. This is thanks to two public enquires and pressure from the Coin Street Action Group, which bought all the remaining derelict land in Coin Street in 1984.

Many developments have taken place in Coin Street since then including the creation of new secure green areas for children to play in, tourist attractions such as art galleries, the National Theatre, recently the creation of the IMAX Cinema and slightly further upstream the London Eye. On a smaller scale there has also been to creation of the Thames walkways, and affordable housing for the local residents.

Consequences of Re-Urbanization

There are many economic consequences of re-urbanization in Coin Street. Firstly I shall mention the positive consequences of the redevelopment. Many new commercial buildings have been built including the IBM Offices, ITV Studios and the IMAX Cinema. These, along with other small commercial developments, such as the redevelopment of abandoned garages in Coin Street into shops bring higher income into the area. Many of these commercial areas are paying rent to the Coin Street Community Builder (CSCB), which will increase the redevelopment of Coin Street even more. Other economic benefits include the creation of the Thames walkway, and other tourist attraction, which also bring money into the area, which can be spent on more redevelopment for the local community. These tourist attractions have not “swamped” the area splitting the local community, which is also a very positive social benefit. The new shops have created more jobs for the local community, as they do not require skilled labour, unlike the commercial offices of IBM and ITV.

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There are many economic costs involved with the redevelopment of Coin Street, including the inevitable house price increase as the area has become more desirable to live in. This has been combated by the CSCB which has created four housing co-operatives, which are made for low-income households living within the Lambeth and Southwark Council areas. There are currently 220 homes in the four co-operative schemes. As the CSCB does not sell the houses for what they could, it might also be said that they are losing profit which they could gain from selling the houses to middle and high ...

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