Real Estate Development Processes: The Role Played by the Italian Public Administration - Innovative Strategies and Tools for the Enhancement of Cities and Territories

Morena, Marzia; Invernale, Antonio; Truppi, Tommaso

doi:10.15396/eres2021_133

Cited by 2 publications

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“…Crowdfunding is, instead, the practice of funding a project by raising amounts of money from a large number of people-the "crowd"-typically via an on-line platform (e.g., "www.kickstarter.com", "www.startnext.de" and "www.fundrise.com"). We refer to civic crowdfunding for projects related to a specific territorial area with strong attractiveness and/or with a rooted sense of place and belonging among the community [59]. Table 12 assesses innovative contractual and financial tools according to the proposed taxonomy of criteria; the results confirm that these tools are not advisable for PAs looking for strong financial benefits.…”

Section: Innovative Contractual and Financial Tools For Real Estate E...mentioning

confidence: 99%

Exploring Tools for Public Real Estate Enhancement in Italy: From Criteria to Decisions

et al. 2021

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The debate on public real estate enhancement is prominent and requires innovative strategies to assure economic and social sustainability. This article aims at systematizing the currently available methods and tools of public property enhancement in Italy, proposing a system of criteria to support the public administration (PA) in the decision-making process when managing public real estate enhancement oriented towards public utility. Namely, this article considers and assesses consolidated and innovative public real estate enhancement methods and tools currently available to the Italian PA according to the “endogenous criteria” of the real estate tools and “criteria of purpose” of the public administration promoting the enhancement process. The final aim is to support the decision-making process of PAs and help both public and private actors in grasping and managing the complexity of public real estate enhancement. An overview of the literature and of reference laws on public property enhancement builds the research framework, together with a path of research, dialogues, and fieldworks with the Italian State Property Agency (Agenzia del Demanio). The decision-making process of PAs for selecting a suitable enhancement strategy or tool should rest on endogenous criteria and criteria of purpose. Specifically: (i) the distinct technical features of each public asset; (ii) the public utility aim that the public entity intends to pursue; (iii) the needs of the community (i.e., the demand); (iv) the skills available within the PA that promotes the strategy.

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Section: Innovative Contractual and Financial Tools For Real Estate E...mentioning

confidence: 99%

Exploring Tools for Public Real Estate Enhancement in Italy: From Criteria to Decisions

et al. 2021

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“…Thinking on a broader scale, such as cities or districts within them, Morena (2020) goes onto enumerate and describe several waterfront regeneration projects successfully carried out through PPPs in Italy and other European countries. The author also discusses the topic of 'civic crowdfunding', as a promising and innovative tool, still yet to be fully exploited, that could help to motivate citizens to engage in the redevelopment of their neighborhoods or other areas of interest nearby, through voluntary financial contributions [7]. Meanwhile, Fainstein (2009) goes over mega-projects carried out through PPPs in cities like New York, London, and Amsterdam, digging deeper into four urban PPPs to illustrate the different approaches, particularly regarding housing, across the Atlantic.…”

Section: Public-private Partnerships As a Broad Conceptmentioning

confidence: 99%

“…Morena (2020) also lists at least three major waterfront regeneration projects in Europe-the Copenhagen waterfront, the Paris Plages, and the Bilbao waterfront-successfully carried out by means of PPPs. Such projects, whose budgetary order of magnitude were in the billions of euros, could not have been afforded by public administrations alone [7].…”

Section: Introductionmentioning

confidence: 99%

A Critique on Public–Private–People Partnerships: From a Definitional Inconsistency to the Partnering Dilemma in Today’s Housing Conjunction

Miranda-Poggys

Morena

2023

Sustainability

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This paper showcases the first exhaustive literature review on the public–private–people partnership (4P), as a concept on its own, its backstory, its proposed definitions, and multiple interpretations throughout the last fifteen years. Beyond mapping the discussion on what does the extra ‘P’—the people—component of these partnerships really mean, and how it is understood by scholars and the traditional public and private partners alike, this work also aims to be the starting point for new research avenues, such as corporate–community cooperation, and urban regeneration through different land use and ownership schemes. Hence, the discussion spreads onto analyzing how the concept is approached from different professional fields—for its inherent interdisciplinarity, despite the perceived scarcity of related literature available—but also onto the ambivalence stemming from the nature of the ‘people’ component itself, its functions, and the relationships—formal or informal—that should be established. Finally, the authors go on to critically place the concept within the current urban and real estate trends in both, the Global North and South, while identifying further gaps in the current literature, for example: given today’s critical housing supply and affordability situations, how to get the public and private sectors interested in partnering with people in a more direct way? What needs to be done? What needs to be further researched?

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Real Estate Development Processes: The Role Played by the Italian Public Administration - Innovative Strategies and Tools for the Enhancement of Cities and Territories

Cited by 2 publications

References 0 publications

Exploring Tools for Public Real Estate Enhancement in Italy: From Criteria to Decisions

Exploring Tools for Public Real Estate Enhancement in Italy: From Criteria to Decisions

A Critique on Public–Private–People Partnerships: From a Definitional Inconsistency to the Partnering Dilemma in Today’s Housing Conjunction

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