Italy: Planning Cities for Profit

Mark Twain may have enthused that "the Creator made Italy from designs by Michelangelo," but at least one Italian figures that the country's history-choked metropolitan mélange is not at all the thing for a modern industrial nation. Importing the "new towns" concept from other European countries and the U.S., Milanese Financier Renxo Zingone, 58, is pushing a somewhat heretical "desire to build cities in a rational, non-chaotic fashion"—and at a profit.

Zingone's heresy is a complete new city, now rising on 2,000 acres of faded countryside between two industrial centers, Milan and Bergamo. The community will be a "completely equipped...

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