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The Royal Gazette reports
The Corporation of Hamilton (Bermuda) has revised its plans for a waterfront development — slashing the budget from a quarter of billion dollars to less than $200 million.
Mayor Charles Gosling announced that “It is more in keeping with Hamilton, more affordable and will be quite an enormous resource for the city and Island as a whole,”
Read more at the [SOURCE: The Royal Gazette]
Christopher Hawthorne, Architecture Critic for the Los Angeles Times writes
Reporting from Dubai, United Arab Emirates — If a city can be spectacularly quiet, this waterfront city-state has certainly qualified in recent months. Hundreds of abandoned construction cranes languish above Dubai’s gated communities and beach-side developments and, most dramatically, up and down Sheikh Zayed Road, its high-rise spine……………….
SOURCE: Los Angeles Times – Dubai development may be down, but it’s not out
Technorati Tags: dubai, crisis, architecture, cranes, start, 2009, UAE,
BBC News reports “Can a simple idea help make the world a better place? Professor of landscape architecture, Martha Schwartz argues that we should all be shareholders of the world’s natural resources.”
Listen to Martha Schwartz speak @ The Forum podcast
if this link does work go to Forum Website
[SOURCE: BBC NEWS | UK | Magazine | Preserving national resources]
Times Online reports
”The crisis in the Spanish construction sector claimed another victim yesterday as the country’s fifth biggest property development company went into administration.
Promociones Habitat said it had financial commitments of up to €2.3 billion (£1.93 billion).”
[SOURCE: Spanish developer falls with €2.3bn debt - Times Online].
Christopher Hawthorne of L.A. Times looks at “Amid a period in which bolder has meant bigger, the economic slowdown could help push architects to imagine, identify and define new paths.”
Looking at the current financial crisis and how architecture could benefit in the long term.
SOURCE: Los Angeles Times – Architecture can focus on L.A.’s shared spaces