Ismael Yrigoy* - Research Group on Sustainability and Territory, Department of Earth Sciences, University of the Balearic Islands (Spain)
One of the main strategies of urban neoliberalism has been the production of large-scale urban development projects. Those megaprojects are developed in Majorca in order to scale positions in the urban hierarchy and to attract new segments of tourism.
However, when the crisis erupted, the public institutions made huge investments in megaprojects as a way to create jobs. Nonetheless, after 2010, the massive cut-spending policies reduced dramatically the public and private investment in those megaprojects. Indeed, from 2011 onwards, the public and private actors have taken different and contradictory strategies towards megaprojects. In some cases, the public institutions have rescued some megaprojects abandoned by the private actors and vice versa.
The aim of this paper is to explain how the crisis has altered the relations between the actors that produce space. More specifically, the objectives of this paper are in the first place to analyze the shifting role of the State and the private actors during the three periods (real-estate bubble, first and second crisis phase). The second objective is to investigate its different spatial development during the different economic and political periods.
The case studies are three different megaprojects in Majorca. Each one of them were started in the three different economic periods : (i) a Convention center that began to be built prior to the crisis (ii) the renewal of Platja de Palma's touristic spot (which was boosted during the first crisis period) and (iii) the private-led redevelopment of Magaluf area pursued during the second crisis period.