Geography

Picking up the pieces': Austerity urbanism, California and fiscal crisis

Document Type

Article

Abstract

California continues to be at the epicentre of the current Great Recession. Cities around the state are facing a multiple-fronted assault on their fiscal situation. Although not new - the state's precarious financial situation is the stuff of legends - the cutting in federal revenues, together with the decline in property taxes stemming from the drop in house prices and the rising costs of servicing debt incurred through years of speculative growth strategies have left a number of city governments in the state horribly exposed. This paper explores the place of a number of Californian cities in the context of the wider onset of US austerity urbanism. This constitutes a deepening and widening of some aspects of earlier neo-liberalisation. © The Author 2013.

Publication Title

Cambridge Journal of Regions, Economy and Society

Publication Date

2014

Volume

7

Issue

1

First Page

81

Last Page

97

ISSN

1752-1378

DOI

10.1093/cjres/rst030

Keywords

austerity urbanism, California, crisis, finance, redevelopment

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