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Brownfield regeneration and the shifting of financial risk: Between plans and reality in public-private partnerships

van den Hurk, Martijn; Williams, David; Luis dos Santos Pereira, Alvaro; Tallon, Andrew

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Authors

Martijn van den Hurk

David Williams

Alvaro Luis dos Santos Pereira



Abstract

Internationally, brownfield regeneration projects are delivered
through public-private partnerships that form complex legal and
structural delivery mechanisms. Utilizing private-sector finance and
skills is an accepted practice to reduce financial risk for the public
sector while delivering profits for the private sector. This article
explores three international brownfield regeneration schemes. It
highlights how and why financial risk remains within the public
sector from the outset or returns to the public sector over time,
despite the initial rhetoric for this burden to be carried mainly by
the private sector. The analysis improves the empirical understanding
of financial risk dynamics in brownfield regeneration.

Citation

van den Hurk, M., Williams, D., Luis dos Santos Pereira, A., & Tallon, A. (in press). Brownfield regeneration and the shifting of financial risk: Between plans and reality in public-private partnerships. Urban Research and Practice, 1-22. https://doi.org/10.1080/17535069.2022.2144430

Journal Article Type Article
Acceptance Date Nov 13, 2022
Online Publication Date Nov 13, 2022
Deposit Date Nov 21, 2022
Publicly Available Date Nov 21, 2022
Journal Urban Research & Practice
Print ISSN 1753-5069
Electronic ISSN 1753-5077
Publisher Taylor & Francis (Routledge)
Peer Reviewed Peer Reviewed
Pages 1-22
DOI https://doi.org/10.1080/17535069.2022.2144430
Keywords Urban Studies; Geography, Planning and Development, Public-private partnerships, Financial risk, Brownfield regeneration, Local government, Governance
Public URL https://uwe-repository.worktribe.com/output/10185382
Publisher URL https://www.tandfonline.com/doi/full/10.1080/17535069.2022.2144430
Additional Information Peer Review Statement: The publishing and review policy for this title is described in its Aims & Scope.; Aim & Scope: <a style="text-decoration: underline;" href="http://www.tandfonline.com/action/journalInformation?show=aimsScope&journalCode=rurp20;" target="_blank">http://www.tandfonline.com/action/journalInformation?show=aimsScope&journalCode=rurp20;</a> Published: 2022-11-13

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