Entrepreneurial Urbanism After the Crisis: Ireland's “Bad Bank” and the Redevelopment of Dublin's Docklands |
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Authors: | Michael Byrne |
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Institution: | National Institute for Regional and Spatial Analysis, Maynooth University, Maynooth, County Kildare, Ireland |
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Abstract: | The development of Dublin's Docklands was paradigmatic of the speculative storm that overwhelmed the Irish economy between the late 1990s and the crisis of 2008. It also served as a textbook case of entrepreneurial urbanism, with the development agency driving private‐led development on a former industrial and waterfront site. Following the crash, however, the key actors have been decimated: the development agency itself, the developers and the banks. This article traces the re‐emergence of Docklands development in order to analyse post‐crisis urban development. I argue that the latest phase of development reproduces key aspects of entrepreneurial urbanism, but also includes novel aspects. In particular, the National Asset Management Agency, a “bad bank” set up to rescue the financial sector, emerges as a major force. The article contributes to debates on urban development after the crash, and the specific relationship between post‐crisis entrepreneurial urbanism and financialization. |
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Keywords: | entrepreneurial urbanism financialization financial crisis urban development Ireland bad banks |
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