ECONOMICS OF URBAN DEVELOPMENT

The driving philosophy behind the Resource Management Act has been commonly interpreted as requiring planners to take an “effects based” approach to planning. Minimising actual or potential adverse effects, either by design or mitigation, has meant that environmental impacts are typically elevated above other important considerations. This is despite the fact that enabling people and communities to provide for their social, economic and cultural wellbeing has equal if not greater weight than consideration of environmental effects under the purpose of the Act. Development and the economics which underpin its success or failure (including wealth creation and community development) is a consideration which has typically been given limited attention and misunderstood by the planning process. Yet such factors are critical in underpinning the social, economic and cultural wellbeing of society. The research and understanding of the inter-relationship between planning and economics of development has become more important for Councils. In particular, the recently released National Policy Statement on Urban Development Capacity has identified economics of development as an issue of national significance.

The course will include the following

  • Briefly introduce planners and related professionals to the wider macro-economic factors which affect the economics of development and what this means for planning;
  • outline the typical steps taken by developers including access to finance;
  • how development potential is valued and the impacts of planning on these considerations;
  • outline the key inter-relationship that exists between planning regulation, policy and development feasibility.

By the end of the course attendees will

  • have an increased awareness of the economic imperatives to development
  • know what happens “behind the scenes” of a typical development project
  • have a stronger understanding of the way in which the economy, more importantly the property sector, influences planning and vice versa.
  • have a broad understanding of the relationship between development economics and the NPS on Urban Development Capacity.

Who should attend
While the course is targeted at intermediate through to senior planners, it is framed to accommodate planners at all levels wanting to get a better understanding of how development economics and planning align. The course will also benefit planners working in plan development, area based planning and those project managing large development resource consent proposals both on the side of the applicant and acting for Council as a reporting planner. The course will also be of benefit to other professionals involved in the development process eg surveyors, engineers, developers, consultants, local body politicians and executive staff.

PRESENTED BY JOE BARTLEY AND RODNEY YEOMAN

Joe Bartley, Dev Manager – Tamaki Regeneration Company

Joe is a Development Manager at Tamaki Regeneration Company (TRC). He is currently managing two neighbourhood regeneration projects of approximately 550 homes in the Tamaki area. His role includes the preparation of development feasibilities, managing consultant teams through the resource consent process, procuring and managing civil contractors, budget control, procurement and negotiation of development agreements with development and/or build partners.

A qualified planner and full member of the NZPI, Joe has experience across both the planning and urban development disciplines.


Rodney Yeoman, Senior Consultant – Market Economics

Rodney has over a decade of experience in advising developers, local authorities and central government agencies on the interplay between the wider economy and the development process at the theoretical and pragmatic level. Much of his work involves assisting development clients by assessing market demand, market growth and project feasibility. He regularly assists government, both local and central, to undertake assessments of costs and benefits associated with investments and policy options. He has appeared in Council hearings presenting expert witness statements on economic impact and the effects of growth and change. Rodney has developed growth models and economic impact models that are used widely across New Zealand. In recent times he has worked in local government in Melbourne, developing economic forecasts and demographic models for urban renewal areas. He has also completed ground breaking research of Auckland household preferences in “Housing We’d Choose study”.

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