article thumbnail

Form followed finance in 2021, for better and for worse

Archinect

2021 was a year where form continued to follow finance. Throughout the year, our coverage included many examples of the world’s largest architecture firms designing for some of the world’s largest companies.

Finances 279
article thumbnail

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. Additionally, a part of the financing plan includes charging the developers of the 10 skyscrapers planned for the site a fee instead of collecting city real estate taxes.

Finances 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Saudi Arabia begins securing financing agreements for various NEOM developments

Archinect

The early stages of the $500bn planned city will be financed by money raised from local lenders, according to sources familiar with the matter who spoke to Bloomberg. Saudi Arabia's megaproject Neom is seeking to raise 10 billion riyals ($2.7bn) in loans, according to a report in Bloomberg published on Monday.

Finances 246
article thumbnail

India is taxing cryptocurrencies to finance its push for new infrastructure

Archinect

The country’s Finance Minister Nirmala Sitharaman said the package includes $2.68 Hopes are that the investment in building projects will create employment opportunities which will thus pour money back into the economy. Current forecasts have India’s GDP growing at an 8% rate for the fiscal year.

Finances 245
article thumbnail

COP29 Launches in Baku, Azerbaijan, to Address Climate Finance and Resilience

ArchDaily

Panoramic view of Baku - the capital of Azerbaijan. Image © Milosz Maslanka via Shutterstock The 29th Conference of the Parties to the UN Framework Convention on Climate Change (COP29) takes place between the 11th and 22nd of November in Baku , Azerbaijan. C above pre-industrial levels.

Finances 242
article thumbnail

Unpolished Narratives: Exposed Materials in Latin American Affordable Housing

ArchDaily

Limited access to financing, the prevalence of self-construction, and the spread of informal settlements are interconnected factors shaping the built environment. This question is particularly significant in the Latin American context , where unique conditions go beyond cost concerns, whether imposed or unavoidable.

Materials 355
article thumbnail

David Adjaye answers critics in National Cathedral of Ghana financing dispute

Archinect

David Adjaye has issued a statement in response to the ongoing scrutiny of the design fees and commissioning of the National Cathedral of Ghana project in his home country.

Finances 264