ABSTRACT
To a remarkable extent, places reflect the way in which their development was
originally financed. Since construction is essentially a capital good, its cost is spread
over many years, usually well into the future. Only exceptionally are developments
financed from the accumulated reserves of their promoter. Instead, some measure
of external funding will need to be secured and then mixed to a greater or lesser
extent with any funds that the developer is willing and able to provide. The impli-
cations of this for places and place quality provide the focus of this chapter.
