Urban Regeneration Economics: The Case of Lisbon's Old Downtown

Abstract

Buildings are one of the biggest assets of Lisbon's central downtown accumulated over a period of several centuries. The effi cient use and optimization of the value of these assets are a challenge for both the owners of individual buildings and for society as a whole. Recently, a new regeneration initiative was announced for old urban Lisbon's downtown, covering three fi elds of intervention: the economic, social and physical fi elds. This paper presents a case study of the regeneration program for the Lisbon's old downtown including an analysis of the framework used to assess the costs and benefi ts.

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“…It allows using the existing infrastructure and abandoned urban territories. Such planning also reduces the amount of used land and creates a lasting environment, the immensely dense population of which is not always able to function properly (Burinskienė and Rudzkienė 2009;Lahdenperä 2009;Petrović et al 2009;Greater London Authority 2003;Ribeiro 2008;Lindgren and Castell 2008). On one hand, it is a natural stage related to the renovation of neglected valuable urban areas.…”

Sustainable revitalisation as a tool for regenerating the attractiveness of an inner-city historic commercial district: ‘Han District’ as a case

“…In recent years, there has been much debate in the worldwide literature about how vitality and liveability in historic commercial districts in city centres can be improved in a sustainable manner (Balsas, 2000;Ribeiro, 2008). The number and pre-eminence of revitalisation projects that aim to attract people back into these districts have risen since the beginning of the 1990s.…”

“…In the report 'Innovation in the Traditional Commerce Project' (Vidinha and Faria, 2007), the problems causing the loss of attraction to historic commercial districts in city centres are defined as follows: the rise of new attraction centres in the suburbs; increased insecurity as a consequence of the desertification of urban centres; the high costs and difficulties of accessibility and parking in urban centres; the lack of leisure or entertainment facilities in urban centres; changes of consumption and buying habits; and growing competition among the different forms of commerce. The abandonment of historic commercial districts in city centres and a reduction of investments in their major assets contribute to the progressive decrease in the vitality, liveability and sustainability of these districts (Ribeiro, 2008). Vehbi and Hos¸kara (2009, p. 716) suggest that 'preserving and conserving the historic urban quarters in terms of their social, economic and physical context is necessary to achieve vitality and sustainability in such areas'.…”

Urban Regeneration for Sustainable Communities: A Case Study

“…Despite the nature and extent of urban problems, they are very well documented and there has been a considerable learning process in the development of different urban regeneration programmes (Ribeiro 2008). The Castlefields estate in Runcorn is part of a third generation new town and has been in decline for many years.…”