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Welcome to our weekly CityLab newsletter. The team is back from Madrid with stories from the city and the Bloomberg CityLab conference. Sign up here to get the newsletter every Friday in your inbox and send us your feedback. Soul cityFrom local jazz clubs to small cafes serving up traditional fare, Madrid’s rich culture has long fueled the city’s thriving tourism industry. But not everyone has benefited from it: The very businesses that built that culture are now under threat as the Spanish capital morphs into a luxury playground for international tourists and wealthy migrants — what some have dubbed the “new Miami.”
A knife shop open for almost a century on the central Atocha street next to a newly opened specialty coffee shop.
Photographer: Emilio Parra Doiztua/Bloomberg via Madrid Losing Soul
Small retailers and residents are being driven out by rising real estate prices, while storied venues are fighting closure as the city seeks to hold large events like mega-concerts and the upcoming F1 race. Some residents fear that the city is losing its soul. And Madrid Mayor José Luis Martínez-Almeida acknowledges the concern. The day after we published our story, he told an audience at the Bloomberg CityLab conference: “There’s a word that defines the future of the city, and that allows us to guarantee our growth, which is balance — balance in the ability to attract and retain talent ... and at the same time to know that if we lose our identity, then we will lose our soul.”
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Take it from the urban icons Place before party“The politics we’ve pioneered as mayors — place first, not party first — that needs to go national.” Andy Burnham, mayor of Greater Manchester Burnham is championed by some within the UK’s Labour party as a successor to the unpopular Keir Starmer, with his city held up as a model of UK economic revival. But his bid to run for Parliament this year was blocked. In an interview, he predicted regional and local elections next week will be challenging for the party. Dallas-bound$12 billion The cost for the overhaul of Dallas Fort Worth International Airport, the fourth busiest in the world. The Texas travel hub sees 86 million passengers a year, a figure that’s expected to rise to 100 million when the expansion is complete. It comes at a time when US airports are looking to be more competitive with their international counterparts. What we’re taking in
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Singapore Edition: Beijing upends the Manus Model
A one-line decree from Beijing just scuttled a bet on Singapore becoming a sanctuary for Chinese AI. ...

