Revitalization of historic inner cities

Abstract

Rapid population growth is putting increasing pressure on cities. Revitalization of inner city areas have essential to preserving cultural assets. Revitalization of historic inner cities has manifold gains. First there is the intrinsic value of historic continuity and monumental beauty. Secondly conserved historic inner cities may provide source for residential identity and pride. Preservation of historical characteristics alongside with restoration and reuse of monumental building and other appropriate measures in public space and infrastructure could add specific charm and distinction to the historic core, making the inner city of added value for business to settle and investments to materialize. Adaptive reuse and cost recovery, integrated area development, Full commercialization of historic city centres, Transfer of development rights, from socialism to real estate development, Modernization of commercial activity, Feedback between increased land values and public revenue, Tourism, Conservation of historic monuments are some of the revitalization approaches for historic inner city areas. Also revitalization can be done through master plans, development plans and through various approaches, Market approach, Organic Approach, Participatory approach and Regional approaches.