Waterfront Development: Getting It Started—The Public Sector Role

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by Salvatore J. Samperi, Port Authority of New York & New, Jersey, New York, NY, USA,

Document Type: Proceeding Paper

Part of: Waterfront Planning and Development

Abstract: In comparison with other forms of urban development - by almost any measure you wish to choose - the waterfront is the most difficult and complex area to develop. Despite all of the obstacles, however, it is receiving widespread attention and major investments from both the public and private sectors. Why is this so? Because, in restoring the waterfront to new uses, a tremendous return is possible for both the community and investors alike. It may be of value to recount why there is this sudden surge of interest in waterfront projects throughout the country. Essentially, it has come about as a result of three major factors: 1. the availability of large, underutilized land areas in the heart of town; 2. the tremendous surge in the service sector of the economy; and 3. the near magnetic relationship between the waterfront and people.

Subject Headings: Municipal water | Land use | Comparative studies | Investments | Public private partnership | Private sector | Ecological restoration |

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