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COP29 Highlights: Key Takeaways for Cities and the Built Environment

ArchDaily

From commitments to climate finance and carbon markets to renewable energy and resilience-building, the summit's decisions provide a roadmap for transforming cities into hubs of climate innovation and adaptation. The outcomes of COP29 directly affect urban planning, architecture, and sustainability efforts.

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Form followed finance in 2021, for better and for worse

Archinect

2021 was a year where form continued to follow finance. Throughout the year, our coverage included many examples of the world’s largest architecture firms designing for some of the world’s largest companies.

Finances 279
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Tampa Bay Rays scrap $1.3 billion ballpark plans for St. Petersburg

Archinect

Financing realities of the costly Tropicana Field roof repair have sunk a $1.3 billion plan for a new MLB stadium and anchor of a larger mixed-use district in the city of St. Petersburg, Florida.

Finances 243
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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 246
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Trade war with Canada and Mexico could impact construction spending, ABC warns

Archinect

and both Canada and Mexico may impact private construction project financing, the Associated Builders and Contractors has warned. The emerging trade war between the U.S. The statement comes as the ABC released its latest data on nonresidential construction spending. The ABC analysis of recent U.S. in the month of December.

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Foster + Partners begins construction on Sanlin Riverside scheme in Shanghai

Archinect

The project, which couples with the Changfeng mixed-use development in the city's Science and Technology Finance hub to become the firm’s second new Shanghai project we’ve covered this year, offers users a connection to its waterfront site with a new anchoring landmark building to be used for retail.

Finances 279
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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 246