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http://dx.doi.org/10.5762/KAIS.2017.18.12.80

A Study on Structural Characteristics of US Urban Development Project and Flexibility of Crisis Response -Focusing on A Comparative Analysis of Hudson Yard and Yongsan International Business District Development-  

Lee, Woo-Hyoung (Department of architecture, Namseoul University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.18, no.12, 2017 , pp. 80-87 More about this Journal
Abstract
In the past, the United States has been engaged in large-scale urban development projects as a tool for urban regeneration to revitalize distressed urban areas. On the other hand, large-scale urban development projects have been stalled or discontinued globally since the 2008 economic crisis. Despite this, the Hudson Yard development, which is the subject of this study, has resumed smoothly due to the characteristics of its development structure and rational negotiation process. Most domestic developments depend on the economic circumstances, and the problems that are exposed in a privately led development are repeated; the Yongsan International Business District Development is a representative failure case. This study examined the characteristics of the business structure and the nature of the negotiation process in the Hudson Yard development project in New York City.
Keywords
Urban Development; Business Structure; Hudson Yards; Negotiation process; Flexibility;
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