From Vision to Value A case study of how seven Danish small and mid-sized cities conduct area development to propel urban revival Luise Noring Index Introduction ............................................................................................................................................................... 4 Main Findings ................................................................................................................................................................. 4 A strong vision ................................................................................................................................................. 4 Bundling of publicly owned assets................................................................................................................... 5 Attract institutional investors .......................................................................................................................... 5 Matrix overview ............................................................................................................................................................. 6 Map ................................................................................................................................................................................ 9 Danish Development Corporations ........................................................................................................................... 10 Køge ............................................................................................................................................................................. 10 Introduction ............................................................................................................................................................ 10 Sequencing .............................................................................................................................................................. 10 Strong Vision ........................................................................................................................................................... 13 Ownership ............................................................................................................................................................... 16 Organisational structure ......................................................................................................................................... 16 Investment .............................................................................................................................................................. 16 Access to Finance .................................................................................................................................................... 18 Conclusion ............................................................................................................................................................... 18 Høje-Taastrup .............................................................................................................................................................. 19 Introduction ............................................................................................................................................................ 19 Sequencing .............................................................................................................................................................. 20 Strong Vision ........................................................................................................................................................... 21 Organisational Structure ......................................................................................................................................... 25 Ownership ............................................................................................................................................................... 26 Investment .............................................................................................................................................................. 26 Access to Capital ..................................................................................................................................................... 26 Conclusion ............................................................................................................................................................... 27 Holstebro ...................................................................................................................................................................... 28 Introduction ............................................................................................................................................................ 28 Sequencing .............................................................................................................................................................. 30 Strong Vision ........................................................................................................................................................... 31 Organisational Structure ......................................................................................................................................... 33 Ownership ............................................................................................................................................................... 33 Investment .............................................................................................................................................................. 33 Access to Finance .................................................................................................................................................... 34 Conclusion ............................................................................................................................................................... 34 Fredericia ..................................................................................................................................................................... 34 Introduction ............................................................................................................................................................ 34 Sequencing .............................................................................................................................................................. 35 Strong Vision ........................................................................................................................................................... 36 Organisational structure ......................................................................................................................................... 40 Ownership ............................................................................................................................................................... 40 Investment .............................................................................................................................................................. 40 Access to Finance .................................................................................................................................................... 40 Conclusion ............................................................................................................................................................... 41 2 Ringkøbing-Skjern ........................................................................................................................................................ 41 Introduction ............................................................................................................................................................ 41 Sequencing .............................................................................................................................................................. 42 Strong Vision ........................................................................................................................................................... 43 Organisational Structure ......................................................................................................................................... 46 Ownership ............................................................................................................................................................... 47 Investment .............................................................................................................................................................. 47 Access to Finance .................................................................................................................................................... 47 Conclusion ............................................................................................................................................................... 47 Aalborg ......................................................................................................................................................................... 47 Introduction ...........................................................................................................................................................