Garden city movement Garden City, Ltd. in 1899 to create the garden city of Letchworth. However, these donors would collect interest on their investment if the garden city generated profits through rents or, as Fishman calls the process, ‘philanthropic land speculation’. Howard tried to include working class cooperative organisations, which included over two million members, but could not win their financial support. Because he had to rely only on the wealthy investors of First Garden City, Howard had to make concessions to his plan, such as eliminating the cooperative ownership scheme with no landlords, short-term rent increases, and hiring architects who did not
Garden city movement of Garden Cities. In Argentina, an example is "Ciudad Jardín Lomas del Palomar", declared by the influential Argentinian professor of engineering, Carlos María della Paolera, founder of "Día Mundial del Urbanismo" (World Urbanism Day), as the first Garden City in South America. In Australia, the suburb of Colonel Light Gardens in Adelaide, South Australia, was designed according to Garden City principles. So too the town of Sunshine which is now a suburb of Melbourne in Victoria and the suburb of Lalor, also in Melbourne. The Peter Lalor Estate in Lalor takes its name from a leader of the Eureka Stockade