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Image of Redeveloping derelict and underused historic city areas: evidence from a survey of real estate developers

Journal Articles

Redeveloping derelict and underused historic city areas: evidence from a survey of real estate developers

Rosatoa, Paolo - Personal Name; Alberinib, Anna - Personal Name; Zanatta, Valentina - Personal Name;

Are economic incentives and regulatory relief useful tools for encouraging reuse of abandoned or under-utilised urban sites with historic buildings? Answering this question is of key importance for many European cities and for older US cities, and has important implications in terms of urban sustainability and “smart growth” initiatives. This study uses conjoint choice experiments to explore the relative importance of economic incentives, regulatory relief, land use and property regime offerings at under-utilised historic sites in Venice, Italy. Real estate developers and investors were surveyed, and asked to choose between pairs of hypothetical projects in three Venice locations, as well as between one of these projects and the alternative to do a development project elsewhere. Statistical models of the responses to these choice questions indicate that respondents were sensitive to the price of acquiring the land (and hence to any policies that influence prices), and particularly sensitive to the property regime that would be granted to developers and investors and to the allowable land use. It is concluded that the city should focus on offering land uses and property regimes that are more in tune with developer demand.


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Detail Information
Series Title
Journal of Environmental Planning and Management
Call Number
-
Publisher
United Kingdom : Routledge Taylor & Francis Group., 2010
Collation
-
Language
English
ISBN/ISSN
09640568
Classification
-
Content Type
-
Media Type
-
Carrier Type
-
Edition
Volume 53, Issue 2 March 2010 , pages 257 - 281
Subject(s)
Conjoint choice experiments
Real estate developers
Building conservation restrictions
Redevelopment incentives
Infill redevelopment
Specific Detail Info
-
Statement of Responsibility
-
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No other version available

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Kemitraan Library
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Established in 2003, the Library of Kemitraan was originally designed to record and collect all Kemitraan and grantees publications. However, today it broadly develops and serves more sectors to expand the collection to facilitate research activities, particularly since the inception of the Knowledge and Research Management within Kemitraan.

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