Magazine article Real Estate Issues

Even in Global Cities, Think Locally

Magazine article Real Estate Issues

Even in Global Cities, Think Locally

Article excerpt

Returning from the Global Cities in an Era of Change conference at Harvard University, I considered some consequences for the city and county of Sao Paulo. Imagine, for instance, would be the organization of District Councils or Zone Councils, with representatives of main schools and colleges, professional associations, small commercial businesses and establishments, and ordinary men and women who would meet once a week or every other week to discuss priorities for the regions they belong to.

Of course, these Councils will not have political strength, but would have the ability to assert to mayors, planners, and politicians grassroots needs in the fields of development, health, and educational facilities, transportation changes, and things of that sort.

Within a short time these Councils would convert themselves into important political cells. This would be a natural consequence, if it is considered that the family is the cradle of everything and the Councils would the best representative of families in a given district or sector. Obviously, city and county governments would not want to see the creation of such Councils, specially the professional politicians, because in the long run the present system would be replaced by a better one. Here in Sao Paulo this idea will not be accepted, especially at this moment when we have a radical leftist government. But that is no reason to dismiss such a democratic idea as a practical goal.

The second consideration concerns relates to the risk factors in my country, as it has been set or determined by some rating agencies all over the world. …

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