What's happened
Recent urban development projects in Philadelphia, Newark, and Edinburgh are reshaping local landscapes. Philadelphia's mayor has secured a deal to keep the NBA franchise in the city, while Newark celebrates the groundbreaking of a $336 million arts and retail hub. Meanwhile, Edinburgh's Summerhall plans a hotel and student housing to sustain its cultural venue.
Why it matters
What the papers say
According to Business Insider UK, the Terézváros district in Budapest recently held a referendum where over 54% of residents supported a ban on short-term rentals, reflecting growing concerns about local housing. Meanwhile, The Independent reports that Philadelphia's Mayor Cherelle Parker has secured a deal to keep the NBA franchise in the city, despite opposition from Chinatown residents worried about increased traffic and displacement. In Newark, the New York Times highlights the groundbreaking of the $336 million ArtSide project, which aims to revitalize the area while providing market-rate apartments and retail space. The Scotsman discusses Edinburgh's plans for Summerhall, emphasizing the importance of maintaining cultural venues amidst urban development.
How we got here
Cities across Europe and the US are grappling with the impacts of urban development, including housing shortages and the need for cultural preservation. Recent referendums and city council decisions reflect local residents' desires to shape their neighborhoods amidst growing concerns over gentrification and tourism.
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