I have to think it has something to do with the city choking itself off from the river with its industrial uses, even as an otherwise vibrant city existed just beyond. The Ensanche neighborhood, the commercial center, is filled with gorgeous historic architecture that was made possible by but grew up literally alongside the industrialized riverbanks. Decontaminating that land and opening it up to new development after decades of decay, with its adjacency to the beautiful center, plausibly unlocked a huge amount of value.
I am largely not a fan of Frank Gehry, save for his building by the Brooklyn Bridge. The Guggenheim in Bilbao is an ugly metal scrap heap as is his building in
I understand the theory behind land value capture, but the numbers seem extraordinary.
I have to think it has something to do with the city choking itself off from the river with its industrial uses, even as an otherwise vibrant city existed just beyond. The Ensanche neighborhood, the commercial center, is filled with gorgeous historic architecture that was made possible by but grew up literally alongside the industrialized riverbanks. Decontaminating that land and opening it up to new development after decades of decay, with its adjacency to the beautiful center, plausibly unlocked a huge amount of value.
Personal trust and political will are, unfortunately, in short supply these days.
Ain't that the sorry truth!
I am largely not a fan of Frank Gehry, save for his building by the Brooklyn Bridge. The Guggenheim in Bilbao is an ugly metal scrap heap as is his building in
Los Angeles.
I used to not like it, but perhaps time and the blandness of so much other modern architecture have warmed me up to it.