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Penn Station redevelopment takes another step forward following financing approval

Archinect

A key state oversight body approved the financing plan to redevelop Penn Station and its surrounding neighborhood Wednesday, greenlighting one of Gov. Kathy Hochul’s loftiest projects, which is estimated to cost a total of $22 billion.

Finances 246
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Boston turns to developer fees to fund flood protection infrastructure

BD+C

To address this threat, city officials have instituted developer fees as a condition to build in the area to help finance a seawall and other protective infrastructure. Cost estimates to protect the 191-acre area are as high as $124 million.

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Urban Growth Strategies: Homes & Jobs for 2045

SW Oregon Architect

Given the number of ongoing projects related to housing and economic development, City staff reached out to a broad list of housing and development experts, employers, and business owners to help inform the Urban Growth Strategies project’s priorities and outcomes. I found the kickoff meeting encouraging.

Home 219
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Saudi Arabia lowers predicted number of residents at The Line by 2030

Deezen

The Line mega-city, which is the flagship development for Saudi Arabia's Neom project, will allegedly house fewer than 300,000 people by 2030, down from an original goal of 1.5 When the project was introduced, estimates for how many people would live in the mega city in northwestern Saudi Arabia by 2030 ranged from one million people to 1.5

Finances 145
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New York transit infrastructure risks "falling behind" after paused congestion pricing

Deezen

The tax would have in part gone into backing financing for a $15 billion (£11.7) billion funding package meant to help fund repairs for the Metropolitan Transit Authority (MTA), the state-run body that manages New York's transportation infrastructure. The images are courtesy of Marc A Hermann / MTA via Flikr.

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MSG seeks to create "K-pop Sphere" for Hanam

Deezen

Korea JoongAng Daily added it would normally take 42 months to "conduct a feasibility study to review the potential lifting of development restrictions and to go through other administrative procedures", but the South Korean government has vowed to fast-track the process. This would reduce it to 21 months. trillion won (£1.5

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Second Sea calculator predicts damage to global cities from rising seas

Deezen

In time for the COP27 climate summit, a team of researchers led by architect Adrian Lahoud has developed an app that calculates how much coastal cities are owed in climate reparations to make up for the destruction wrought by rising sea levels. It generates invoices that provide an estimate of the associated damages.

Cities 130