Abstract - Scaling Capitalist Class Relations: Commercial Property Development in Tampa, Florida

Journal of Reviews on Global Economics

Scaling Capitalist Class Relations: Commercial Property Development in Tampa, Florida
Pages 227-24288x31
M. Mark Amen

DOI: http://dx.doi.org/10.6000/1929-7092.2016.05.19

Published: 03 June 2016


Abstract: Transcalar capitalist networks form around diverse material and human resources located in many places. One purpose is to “lock in” or direct these resources to specific urban commercial property developments. I extend the scope of previous research about the Transnational Capitalist Class (TCC) and Transcalar Territorial Networks (TTNs) to a case study of commercial real estate in Tampa, Florida. Local printed news records are used to trace the evolving status of the Channelside Plaza project since the 1980s. I identify and describe relations among the changing actors, institutions, resources, and legal mechanisms that by mid-2014 allowed one former hedge-fund manager to amass control over the project and 40 acres of land contiguous with it. The case demonstrates that intra-class relations can be contentious when capitalism is in crisis and that the likely elite sources to overcome conflict are financial finesse linked to effective local relations..

Keywords: Financial Markets, Urban Land Development, Class Relations.
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