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A utopic city, monument to a president's ego, maybe just a future "jungle resort"

Archinect

It is estimated that the construction of Nusantara will cost $38 billion, with 20 percent of that coming from the Indonesian coffers.But the vast majority of the metropolis – 80 percent of it – is to be financed by private investments. This mega-project is more than just a city but a new capital region.

Cities 247
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Penn Station redevelopment takes another step forward following financing approval

Archinect

A key state oversight body approved the financing plan to redevelop Penn Station and its surrounding neighborhood Wednesday, greenlighting one of Gov. Additionally, a part of the financing plan includes charging the developers of the 10 skyscrapers planned for the site a fee instead of collecting city real estate taxes.

Finances 230
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Saudi Arabia begins securing financing agreements for various NEOM developments

Archinect

The early stages of the $500bn planned city will be financed by money raised from local lenders, according to sources familiar with the matter who spoke to Bloomberg. Saudi Arabia's megaproject Neom is seeking to raise 10 billion riyals ($2.7bn) in loans, according to a report in Bloomberg published on Monday.

Finances 182
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Rafael Pelli and Gruen Associates push to restore father César’s masterwork San Bernardino City Hall after 52 years

Archinect

César Pelli was a rising architect when he got the job of designing a new City Hall for San Bernardino. [.] a push is on to renovate City Hall and restore it to use. The City of San Bernardino, California, shut down operations in the building in 2017 due to seismic concerns.

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What Happened to New York City Public Housing, and How Can We Fix It?

ArchDaily

Residential construction projects in downtown Manhattan, New York City, United States. Instead, federal policy has mainly sought to promote home ownership, the American dream, but that approach was eviscerated by the collapse of financing due to the subprime loan crisis and its aftermath.

Cities 238
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A proposal for the second-tallest building in North America sneaks forward in Oklahoma City

Archinect

Oklahoma City could soon be home to the country’s second-tallest structure if plans for a new 1,750-foot skyscraper designed by the California practice Architects Orange (AO) are approved along with a larger $1 billion entertainment district proposal from developer Scot Matteson. Image render courtesy AO. "We

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Fortune Farm Store / MuseLAB

ArchDaily

Courtesy of MuseLAB architects: MuseLAB Location: Road Number 11, Gujarat International Finance Tec-City, Pirojpur, Gujarat 382355, India Project Year: 2023 Photographs: Courtesy of MuseLAB Area: 1000.0 ft2 Read more »

Finances 325