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SGS Economics and Planning Best practice principles for urban renewal

Best practice principles for urban renewal

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In cities worldwide, urban renewal is transforming underutilised and degraded areas into spaces and built environments, which meet contemporary living, working, or cultural needs. Urban renewal can happen incrementally, as new investment modernises established urban areas, but is generally brought about by a dedicated public effort. Successful urban renewal can generate many benefits, but as critics have highlighted, these have not always come to fruition. A review of recent case studies suggests ten guiding principles for urban renewal decision-making. Such principles will support good outcomes from a public interest perspective.