Urban Planning and Real Estate Development

By John Ratcliffe; Michael Stubbs | Go to book overview

CHAPTER NINETEEN

Trends and prospects
Decisions regarding the nature of urban planning and the performance of the real estate development industry are central to the functioning of society, not the least reason being that by far the largest portion of the nation’s wealth is invested in property. The better the quality of planning and development decisions today, the better the quality of the built environment tomorrow. This book concludes where it started, by highlighting some of the major questions that confront those concerned with land, planning and development, and hazarding a view as to how they might be answered. For convenience the various issues to be addressed are grouped as follows:
• urban planning and change
• real estate development and challenge
• sustainability and the built environment

Urban planning and change

The organization of urban planning and the major issues that confront urban planning and development agencies are explored in Parts Two and Three of this book. However, the whole context for urban planning is constantly changing, and communities of all kinds are faced with economic, social and environmental uncertainty. Some of the questions raised or intimated throughout the text are identified and addressed below.


Planning and uncertainty need reconciling

Society seeks certainty, but advances in thought and application lead to the creation of uncertainty as a constant condition. At the same time, however, the whole language of planning implies a high degree of certainty, the very word “plan” implying that some control can be exercised over the future of a given geographical area for which that plan is prepared. Indeed, it has been argued that the fact that we have “statutory” plans and “adopted” plans reinforces the image

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