fornebu – transformation from airport to a new city

Fornebu – Transformation from Airport to a New city

PRIO Cyprus Center, Nicosia 30.09.11

Planning, landownership and economy

Fornebu before Oct. 1998

Fornebu 2020!

6300 housing units

12-18000 inhabitants

15-25000 workplaces

Ownership of airport grounds

Location : All within the Municipality of Baerum – 5 miles from the City center of Oslo.

Size of airport : 340 hectars (3,4 km2)

State ownership : 54 %

The City of Oslo : 46 %

The Municipality of Baerum: no ownership – but planning authority and provider of sosial infrastructure

Planning - development cost - profit

Strategy of the State : Selling land to partially finance a new airport in another location

Strategy of the City of Oslo : Selling land when planning completed

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Main technical/green infrastructure : 200 mill euro (landowners)

State/Oslo sold planned areas to developer : 400 mill euro

Social infrast. 1. phase (schools etc) : 150 mill euro (municipality)

Developer sold the prosject to another company : Profit 300 mill euro

Models for planning and financing development Assumption : At the outset there are several or many

landowners with autonomus interests

Model 1: Landowners selling land to developer before starting planning

Model 2: Selling land after planning but before development

Model 3:

- Owners stick together through planning and development, each with a share corresponding to the size of the lot they own.

- Make agreement with financial institutions/developers

- Value of land and dividends from development is paid out successively through development process – or in the end.

Fornebu – Master plan 1999

Building zone 200 ha

Green areas 130 ha

Kommune-delplan 1

(KDP-1)