A new skyscraper is set to grace skies over Bogota, Colombia. Instead of one wealthy developer, the tower is being funded by thousands of people, each with their own stake in the property.
Colombia's tallest building when completed, the structure will rise to 853 feet at 66 stories. Called BD Bacatá Downtown, it will be "the first skyscraper built by famous common people" say its developers. "Bogota's tallest building is rising with $145 million supplied by 3,000 investors," writes Fast Company's Michael J. Coren.
"BD Bacata's backers say they will expand this model 'to the 99%' by developing amusement parks, clubs, malls, and resorts with capital from small investors (although most of those '99%' do not have $20,000 in investment capital, twice the annual income of the average Colombian)."
A similar approach to financing urban development is being pioneered in the U.S. by Fundrise, a Washington D.C.-based startup that is currently attracting investors for a building in the city's H Street Corridor.
FULL STORY: A Crowdfunded Skyscraper Rises In Colombia
Looking to the Future as TransMilenio Turns 20
The world's most famous, and influential, bus rapid transit system, which served 2.4 million riders a day in Bogotá in the days before the pandemic, offers lessons in transit planning and management as it enters its third decade.
Bogotá Uses 7,000 Public Design Proposals to Redesign its Main Artery
To reimagine the city's most important artery, Bogotá sought community input via an innovative online platform.
Bogotá Commits to the Bicycle
Colombia's capital city, the birthplace of the Ciclovía, is devoting public space to bikes during lockdown. To reduce traffic, the city plans to allocate even more public space to bike infrastructure and sustainable mobility moving forward.
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.
Delivering for America Plan Will Downgrade Mail Service in at Least 49.5 Percent of Zip Codes
Republican and Democrat lawmakers criticize the plan for its disproportionate negative impact on rural communities.
Test News Post 1
This is a summary
Test News Headline 46
Test for the image on the front page.
Balancing Bombs and Butterflies: How the National Guard Protects a Rare Species
The National Guard at Fort Indiantown Gap uses GIS technology and land management strategies to balance military training with conservation efforts, ensuring the survival of the rare eastern regal fritillary butterfly.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service