Housing
At Habitat III, a Rethinking of the Urban Development Paradigm
The concept of “value capture” surfaces as a possible path to more equitable growth.
QUITO—The United Nations global cities summit, Habitat III, began with long security lines under a bright Andes sun, and ended in song. The musical group Nick Horner Family performed “City of Dreams” on the final day of the conference that drew some 40,000 participants. A little more than an hour before, the New Urban Agenda—a manifesto intended to guide the future growth of cities worldwide—was officially adopted.
But as attendees flock to the airport to go home, what actually was accomplished? What happens now?