Cardiff Bay - CUE Flashcards
1
Q
Urban regeneration
A
- 1,100 hectare of derelict dockland
- cost £2.4bn, barage cost £220 million
- 1:4 = public:private investment
2
Q
Issues
A
- ‘tiger bay’, accounted for 2% of total spending
- too expensive for locals
- provided community facilities BUT more crime and loss of cultural identity
- increased income BUT increased living cost, taxes
- improved assets, regulations, landscaping
3
Q
What was created
A
- 17,000 jobs
- lloyd george avenue regenerated
- 5000 new homes
- bbc studios, sports village (£700mill), dr who museum
4
Q
Benefits to business
A
350% increase in business rate after the regeneration