Abstract
The purpose of this research is to illustrate, through a case study, a multilevel decision-making process able to support the decision maker in optimizing investment choices for the efficient allocation of public resources, with specific reference to recovery and adaptation to the reuse of unused historical public heritage. During the evaluation process, two methods in particular were combined according to a multiphase design: (i) a multi-criteria analysis to identify the Highest and Best Use among alternative reuse scenarios and (ii) a Discounted Cash Flow Analysis to support verification of the financial feasibility of the investment, in the hypothesis of an enhancement concession in a public–private partnership. Each method was applied in parallel to the evolution of the different design scenarios. The results of the study show that hybrid approaches are a promising line of research in the field of evaluation and urban design, applied to cultural heritage.
Highlights
In 2015, the United Nations adopted the 2030 Agenda, which reflects the integrated nature of the current challenges by identifying 17 Sustainable Development Goals (SDGs), divided into 169 targets to be achieved by 2030
The selection of the alternatives, which occupied the last level of the hierarchy, derived from a careful analysis of the needs of the community and of the socioeconomic and demographic characteristics of the reference territory
At the methodological level, this issue requires the use of techniques of economic evaluation to direct the decision-maker towards optimal solutions in the allocation of public resources, and the identification of the Highest and Best Use [28,60,64,77,94]
Summary
In 2015, the United Nations adopted the 2030 Agenda, which reflects the integrated nature of the current challenges by identifying 17 Sustainable Development Goals (SDGs), divided into 169 targets to be achieved by 2030. Among the SDGs, Objective 11 concerns the scale of cities and human settlements in general as privileged places for innovation and technological progress, in which to develop possible actions and solutions to make them more inclusive, safe, resilient, and sustainable [1,2]. In this perspective, local governments play a primary role in linking the local needs of settled urban communities and the global trends of sustainable development of cities and territories that represent complex systems, in which there are present complex dynamics that are economic, social, cultural, and environmental in nature. In the perspective of a more sustainable future [3,4], the most important challenges concern better use of urban territory through the reduction of new constructions, reduction of construction and management costs, more efficient use of resources, and improvement of social and environmental conditions through the strengthening of the local economy [5]
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