🌆🖼️Case Study - Cardiff Bay Flashcards
Property led regeneration
Involves the regeneration of an inner city area by:
. Changing the image of the area
. Improving the environment
. Attracting private investment
. Improving confidence for further investment
Who carries out most of property led regeneration?
Urban development corporations
When were urban development corporation set up?
1980s and 1990s to take responsibility for the regeneration of inner city areas
What powers do urban development corporations have and what were they encouraged to do?
Planning powers over the local authority and were encouraged to spend public money
Private investment vs public money
Private investment was 4-5 times greater than the public money invensted
What % of all urban regeneration expenditure do UDCs account for?
40%
How many houses have UDCs built?
35,000
How many jobs have UDCs created?
190,000
What happened to the bay in the 1980s?
The bay suffered from deindustrialisation and the decline of the Welsh coal industry
What closed in the 1980s in the bay and what was the impact?
East Moors Steel Works which had provided large numbers of well paid jobs
What has the bay become since the closure?
. Became a neglected wasteland and derelict
. Population suffered from social exclusion and above average levls of unemployment
Aim of regeneration
. To put Cardiff on the international map
. To reunite the city centre with the waterfront
. Create more jobs
Why did Cardiff need an urban development corporation?
. Global demand for coal decreased and docks declined
. Areas had no use after decline
. High unemployment, people left the area
. Ethnic minorities migrated inwards
. Crime rates incraesed
How much did the Cardiff Bay development corporation cost in total?
£2.4 billion
What did the Cardiff Bay development corporation have an annual budget of?
£40 million from the central government on the condition that a further £160m was attracted from other sources
