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Building the Resilient City
Jeb BrugmannICLEI-Local Governments for Sustainability
2
The modern citydoes not internalizenatural risk
RISK PERFORMANCE
RESILIENCE
Resilience is the ability of an urban area or system to provide predictable, targeted benefits to residents and users, and predictable returns to investors, under a wide range of often unpredictable circumstances.
Vancouver: ‘green’ performance
Vancouver: city of risks
Improved solid waste
management
Storm drain maintenance
Newresidential tower
Storm water storage tank
Emergency egressGrade/street redesign
Retention pond
Retention wall
Retention pond Emergency power supply
Permeable surfacing
Roof maintenance
New light rail transit line
Park redevelopment
HVAC upgrading
New office/hotel/
residential tower Water line upgrading
Emergency shelter
Rescue vehicles
“Mainstreaming”Planning & Design Reform
Local Re-development Capacity
Bottom-Up Investment Procurement
“Resilience Upgrading”
3 INVERSIONS
Customized Finance
Emergency shelter
Rescue vehicles
Value capture financing of storm water storage & emergency power
National/Subnational catastrophe bond
Establishment of special redevelopment district in municipal DRM plan
Conventional loans & equity finance; development bonusing; special bonds; revolving loan pools for egress upgrade
Establishment of district re-development corporation or other SPV
Bottom-Up Planning & Design
Local Re-Development Capacity
Local Re-Development Capacity
Create Value
Capture Value
Protect Value
Newresidential tower
Roof maintenance
HVAC upgrading
New office/hotel/
residential tower
Storm water storage tank
Emergency egressGrade/street redesign
Emergency power supply
Project DeliverablesFinancing InstrumentsRequired Innovation
in InstitutionalPerformance
in Risk Reduction Measures
Performance
in Area or SystemPerformance
in ProfessionalPerformance
Place-specific Assets (real estate,
infrastructure, utilities, amenities)
· Risk Reduction· Emergency Management
Measures
· Technical/Planning Assistance· Training
· Other Institutional Support
Institutional Operations Capacity
(utilities or special development corporations)
Specific Asset or System
Performance Enhancements
Grants
Loans(Banks, Revolving
Funds)
Guarantees
Custom Debt Instruments
(Project-specific Municipal, Community, Utility Bonds)
Insurance/Re-insurance
Securitization/Structured Finance
Performance Contracts
(Asset/System Cost Reductions)
Value Capture(From Increased Property
Values)
Catastrophe & Social Impact Bonds
Equity
ICLEI + Brugmann + financing the resilient city