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Manolo Blasco, Professor of the School of Architecture of the University of Navarra

New urban values in times of crisis

Wed, 12 Sep 2012 09:30:13 +0000

We have always heard the Ignatian phrase "in times of trouble, make no move". Today, without the pretension of questioning the prudence and temperance to analyze the economic status we are living, we must realize that something in the depths of the news must be the beginning of a new motivation. It is a collective challenge to find new opportunities that only in case of economic detraction can occur.

I propose a reflection -from the point of view of Architecture- about the latest economic news that these days has jumped as imminent: the creation of the bad bank. A first positive reading is that a bank will receive the assets, which are toxic, but surely overvalued, and therefore may be able to generate capital gains for the public income statement. But beyond that, we would like to meditate on the following reflection: that this may be an exceptional moment for correction and, at final, the recovery of urban and architectural values that may lead to the rebirth of a path of hope and even of renewal with what may correspond to a certain economic reactivation.

I mean that this status allows us to contemplate an absolutely unprecedented panorama. Erasing sometimes has the same value as drawing: this bank has the historical possibility of offering opportunities to redo, rebuild or, why not, make mistakes disappear from an era in which architecture and urban planning wrote pages that we can redo today.

Analyzing this moment of hyperdevaluation will certainly allow us to establish in certain cases the urban planning rethinking of facts that until recently were unthinkable by cost.

On previous occasions, intervening in areas of interest was beyond the scope of municipal or autonomous territories. However, the Economics is today a supramunicipal and autonomic interest that allows the formulation of guidelines that give us the illusion of a renewal as the fruit of a collective sacrifice.

A clear example of this possible intervention is the tourist reconversion of the well-worn and wasted tourist urban spaces. Transferring this potential added value from one sector to another is an opportunity that deserves to be studied.