A combination of economic crises and a tax code based on square footage rather than rentals is encouraging a raft of demolitions that is leaving parts of London looking like it's been bombed again.
"To many observers, Britain's urban areas are beginning to resemble the years of the Blitz.
But this time, the empty lots are being caused not by bombs but by a freak combination of disasters in the financial system, the real-estate market and the tax code that have turned one of the world's largest real-estate booms into a recipe for derelict and abandoned properties.
As the condo market has disappeared and mortgage lending has shrunk 40 per cent, [developers] have lost their sources of financing, and there is a real possibility that huge stretches of downtown cores will be unbuilt and left as half-demolished stretches of wasteland."
FULL STORY: Tax code fuels London's second blitz
Dockless Bikes Seized as City of London Cracks Down on Parking
Lime and Forest paid £25,000 in fines to retrieve their property and are negotiating solutions with transportation authorities.
London Congestion Pricing Zone Has No Impact on Local Spending
The city’s cordon pricing scheme did not affect how much people spent at local businesses, new research finds.
E-diggers Pave Way for Cleaner, Greener, Quieter London
London power workers are trialing zero-emission electric diggers that remove more than 200 tonnes of CO2 emissions and 75% of noise pollution from their work in the capital.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
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