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KINGSTON RESTORATION COMPANY NEWS - October 2007

Online Information on Parenting Workshop
KRC has been contracted by the Ministry of National Security to implement educational programmes under the Citizens Security and Justice Programme.  Through this initiative, KRC is seeking to improve the educational performance of targeted young people and adults in the communities of August Town, Ambrook Lane/Cassia Park, Denham Town, Grants Pen, Hannah Town, Kencot, Mountain View, Rockfort, Trench Town and Waterhouse. Read more...
Publications
ARI Abstracts Paper C.
Paper C. - Securing Land Tenure for the urban poor… Understanding the Issues, Enabling Access The convergence of colonial legacies; geographic, economic, social, cultural, and political factors; rural urban drift, and inappropriate (and d...
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ARI Abstracts Paper B.
Paper B. - Social Capital in the Alleviation of Urban Poverty…Methods for its Formation and use in the Inner City Context There are substantial practices and arguments that suggest and substantiate the importance of social capital for pr...
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Projects
Skills Training for Urban Renewal
  • Producing skilled artisans for the rebuilding of the City of Kingston, Port Royal & Spanish Town.
  • Renewing life chances for the empowerment of young people.
  • Renewing the built environment for investment and...
Peace and Prosperity Project (2001-2004)

Background & Objectives

The negative effects of  crime and  violence on investment in the Jamaican economy,  have long been recognized showing  crime and violence mainly concentrated in  15 inner...
KRC’s Beginning PDF Print E-mail
The KRC was formed in response to the dramatic economic and social deterioration of the downtown area of Kingston in the mid 1970s and early 1980s. This deterioration was a consequence of the numerous fires and riots that plagued the city, as a result of which many businesses migrated from the area.

The environment was characterised by extreme political polarisation, the collapse of commercial activity, territorial conflict, violence, abandonment and squatting in surrounding areas, as well as the retreat of government and other providers of public services and the private sector from inner-city.This resulted in the emergence of garrisons and ghettos.

The KRC was incorporated in 1983 as a proprietary company in an attempt to address the negative scenarios outlined above. Founded by the Hon Maurice Facey, O.J. Mr. Vayden McMorris, C.D. and the Hon. Gloria Knight, O.J., it constituted a joint partnership between the public and private sectors aimed at stimulating economically viable and job creating investments by restoring downtown, Kingston as an active commercial and production centre. The company took the form of an urban regeneration agency designed to provide development services to local and international clients.
   
In March of 1983 the KRC was incorporated as a public/private partnership with the Urban Development Corporation (UDC) having one (1) share and Pan Jamaican Investment Trust Ltd, representing the private sector, also having 1 share. Additional capital was generated by the private sector and the UDC, following the company’s incorporation, increasing the paid up capital to J$225,000.00 by 1988.

Between 1983 and 1986 the company utilised its entire share capital of $225,000.00 to develop important linkages with government agencies, privately-owned business and international donor agencies. Consequently, the foundation for the start of a dynamic public/private partnership in urban revitalisation was laid. 

In subsequent years the corporate structure of the company was changed by the incorporation on September 4, 1990 of a new Kingston Restoration Company as a “Limited” company by guarantee, and therefore not having a share capital. The assets and liabilities of the “old” KRC were transferred to the new KRC in 1993. The KRC Ltd has subsequently been wound up and removed from the Registrar of Companies on February 19, 2004.  

The first programme of regeneration undertaken by the KRC was the Inner Kingston Development Project (IKDP)
 
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