Planning, uncertainty and risk: The neoliberal logics of Amsterdam urbanism

Since the last decade, rising concern related to uncertainty in urban dynamics has encouraged alternative approaches to land development in order to reduce financial risks of public spending while stimulating new investments. In particular, municipalities are experimenting with more open-ended, incremental and co-produced forms of urbanism that aim to reform existent supply-led urban development models. This paper shows that these practices underlie a neoliberal reform of public spending and that they have important socio-political implications for urban welfare. By discussing the relation between uncertainty and risk, it shows that recent reforms of urban development policies do not reduce risk but rather reorganize it in two ways. First, by resizing the time horizon of action and prioritizing short-term delivery, and second, by simultaneously privatizing and collectivizing risk to individuals and public budgets. An in-depth analysis of recent reforms in Amsterdam public financing model is provided. This paper concludes that a risk-sensitive view of planning innovation is today necessary in order to address future socio-economic challenges of urban change.