Abstract
A political economy perspective reveals that both market and political Smart Growth entrepreneurs shape and design this New Urbanism; they form a Smart Growth machine. Smart Growth entrepreneurs can be distinguished from conventional planners and builders along three dimensions: First, Smart Growth requires entrepreneurial public-private partnerships (PPPs). The predominant lending industry is unfamiliar with the building type and shies away from unconventional real estate practices. Second, the green building methods associated with Smart Growth require expertise not found in customary development. Finally, a market-based regulatory framework is endemic to Smart Growth. Most practitioners accept market logic, but also believe that markets can be steered or nudged by careful and considerate government involvement.
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Nielsen, E.S. (2017). The Smart Growth Machine: Coalitions of Entrepreneurs. In: Smart Growth Entrepreneurs. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-41027-2_4
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DOI: https://doi.org/10.1007/978-3-319-41027-2_4
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