Megaproject Screening and Management: King’s Cross, Olympic Park and Nine Elms

Reyhaneh Rahimzad, Simon Huston, Ali Parsa

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Urban megaprojects are complex, unique and, almost invariably, contentious. Some megaprojects radically transform but others backfire and not only waste resources but damage the environment. At play with megaprojects, like the controversial Heathrow Airport expansion, are jobs, tax receipts, landowner uplift bets, hidden commissions or legitimate profit and prestige or disgrace. Sceptics condemn megaprojects as a cover or a contrivance by powerful vested interests to exploit rent gaps via structural violence and expulsion. Notwithstanding controversy, macroeconomic turbulence, policy flux, project complexity and practical difficulties vary in diverse architectural, urban design, institutional and geographic settings. Given political contentions, at the very least then, judgement on the merit or failure of a megaproject must involve multiple ecological, social and commercial consequential but also procedural considerations. From the literature and expert dialogue, the research developed a draft multi-criteria project evaluation framework with five key megaproject success drivers: Robust planning Smart institutions Quality project Project management Sustainable funding, London, with its global status, provides a rich milieu to analyse megaprojects using the assessment framework. The research investigated three case studies and details the first but summarises the others King’s Cross Olympic Park Nine Elms.

Original languageEnglish
Title of host publicationSmart Urban Regeneration
Subtitle of host publicationVisions, Institutions and Mechanisms for Real Estate
EditorsSimon Hutson
PublisherTaylor and Francis Group
Chapter6
Pages108-119
Number of pages12
Edition1
ISBN (Electronic)9781315677521
ISBN (Print)9781138935266, 9781317388432
DOIs
Publication statusPublished - 14 Sep 2017

Bibliographical note

Publisher Copyright:
© 2018 selection and editorial matter, Simon Huston; individual chapters, the contributors.

Keywords

  • Consultation
  • Public realm
  • Stakeholders
  • Urban megaproject
  • Urban regeneration
  • Vision

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

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