Our list of mega-projects in development – the latest, includes private, public, and joint public-private projects in the U.S. and worldwide. Mega-projects can take many forms, from infrastructure, to new cities, to massive mixed-use developments. The one common factor is their scale – typically a very large built-up area along with a huge capital investment. In general, our list includes projects with investment requirements in excess of $1 billion.
The kind of mega-projects in design or construction at any given time, tends to change with regional economic circumstances and lending regulations.
There was a time in the U.S. when tax laws made large-scale master-planned communities a popular asset class. Some of the largest financial institutions (including many so-called “savings and loans”), got involved with those mega-projects. Over time, economic conditions and tax laws changed, leaving these lenders and these assets in significant distress and at the mercy of the Resolution Trust Corp. The savings and loan crisis of the 1980’s and 1990’s was the failure of more than a thousand of the 3,200+ savings and loan associations in the U.S. Since those times, lending with regard to major master-planned communities has occurred at a lesser rate and with greater care. Mobil Land’s and Frank Aries’ experience with the Banning-Lewis Ranch mega-project was an example of that era. That project for an interesting analog among our mega-projects in development – the latest list.
Lekki New Township (Lagos) is an example of a mega development underway, shown in a conceptual study of some specific project components in evaluation (below).
For reference as “best practices” benchmarks, we also include some of the outstanding projects that have been completed over the years. A little history can be helpful in compiling mega-projects in development – the latest. Most of these projects have some interesting lessons-learned, and comparing original design intent to what actually evolves at these developments, is of particular interest in planning next such projects.
We have encouraged our research team to create this page and post as they make progress. Some come back soon as the research takes shape. And if you have any projects that we should add here, please email us – thanks for that!