There are all too few examples of good urban governance in the ‘South’. One city which improved its performance dramatically after 1992 was Bogotá, the capital of Colombia. It joined the ranks of exemplar cities and its former mayors toured the world advertising this ‘miracle’. Unfortunately, after 2008, the city’s administration became mired in corruption and its image ratings have dived. The current administration has so far failed to revive trust in the city’s governance. Based on interviews with key personalities in the city, this paper examines the causes of Bogotá’s recovery and its recent relapse. Bogotá’s experience is useful to students of urban governance in showing not only how a city in the ‘South’ can improve its performance but also that any improvement is fragile. A decent working relationship between technocrats and politicians is critical in guaranteeing both public support and progress in implementing major public works.