Case Studies  The Karolinenviertel Case in Hamburg - St. Pauli

Financing

The Ministries of Hamburg are encouraged to support the area-development passed by the Senate. Financing is been carried out primarily out of the programmes of the different expert resorts. The means of the social neighbourhood development of the BBV in the amount of annually approx. 25 millions Euros are being used according to the principle of subsidiary as partial financing for urgent measures. Partial financing means peak financing for non-profit costs in an amount of up to 50%, if necessary it can be extended to full financing. The BBV only uses its investment means of the city development if the question of the follow-up costs has been clarified. The modernisation of apartment units in redevelopment areas is additionally sponsored by the Housing Credit Institution with annually 5 millions Euros.

All other expert authorities have not assigned their means for measures and programmes to single districts but have differentiated them according to structure political approaches. Neighbourhood related and prerequisite city-wide objectives have to be combined to attract sponsorship means from these programmes or households. Sometimes, however, a combination is difficult and sometimes very easy to achieve.

Overall the expert authorities in Hamburg can be characterised by its so-called thinking in resorts. Employment policies, social policies, economic promotion and educational policies consist of separate columns which are not combined with each other. Integrated approached and area-orientated strategies are difficult to implement within this framework. The expert authorities are not comparable with other cities since they are comparable with ministries of a federal state.

With the European regional fund ERDF, which is of benefit to the district of St. Pauli for the period of the years 2000 until 2006, for the first time EU means flow into Hamburg. These means can be used for projects regarding promotion of economy and jobs. At the same time there are means of the European Social fund ESF at disposal.

Financing of projects from private means is not specifically excluded. However, there are only few successful examples for the inclusion of private owners into the redevelopment by financial incentives.

Sternquadrant

Sprungschanze: The start-up house Sprungschanze has been financed by 70 % by one private investor. The remaining 30 % have been sponsored by the City of Hamburg. The city received in reverse the rights for occupation for ten years. STEG has developed this project and brought the public and private partners together.

There are, however, also single projects which are financed by different sponsorship programmes. STEG has the task to work out respective financing concepts for these projects and to attract sponsorship means. A ‘sponsorship cocktail’ can consist of different city means, private means but also federal means as well as European means.

4.3. Individual projects    4.5. Examples for mixed funding