regen HW reinventor cities Flashcards
1
Q
What is a Reinventor City?
A
A city that have changed their economic base from low skilled secondary employment to high skilled, high wage IT & digital media jobs
2
Q
How did San Francisco reinvent itself?
A
gentrified Silicon Valley with major tech companies like Apple and Google being founded in the area — tech jobs growing by 45% after 2008
3
Q
What is AT Kearneys Global Cities Outlook?
A
shows what cities are best poised for global leadership in the future
4 broad indicators of urban potential;
- personal well-being
- economics
- innovation
- governance
4
Q
Why is housing an issue in San Francisco?
A
- boom in tech (leader of AI BOOM) & higher wages — increased rent and house prices (+67%)
- 1 bed rental = $3600 per month
- people on lower wage jobs cant afford to live anywhere
5
Q
Why is the city at risk?
A
- San Francisco Bay is overdue a high magnitude earthquake
- land is soft clay — liquification
- only 10% of California’s 7 million+ homeowners have earthquake insurance
