I nearly missed this article on our own success story from the official blog for “crowdsourced” place making
“South Africa certainly has a history of overcoming adversity, and redeveloping its waterfront into a regional and diverse destination was no exception.
It will never happen, its critics insisted. No financial institution would finance the project. As apartheid was winding down, South Africa was still politically very isolated from the world and in a general economic recession. There were no government subsidies available and many simply didn’t believe it was possible given the country’s economic and political instability. Built as a harbor since 1860, as the fishing and ship repair industries waned in the 1970s, the harbor became fenced off and derelict.”
“Still, a growing crowd began to believe. In the late 1970s and early 1980s, the citizens of Cape Town campaigned vigorously to reverse the isolation of the City from its waterfront. In 1984 the Mayor of Cape Town, Alderman Sol Kreiner, established a Waterfront Steering Committee to redevelop the waterfront as a live, work and play destination. In November 1988, Victoria and Alfred Waterfront (Pty) Ltd (“V&AW”), named after two formerly constructed basins, was established as a wholly-owned subsidiary by Transnet Ltd to redevelop the area. This momentum lead to the State-owned South African Transport Services (now Transnet Limited) to fund the initial $30 million (205 million South African Rand). Continue reading