Abstract
Starting from 2008 the real estate crisis changed the approach to the development and transformation of urban areas more than many urban planning tools, effectively regulating the development and transformation of urban areas. In the new scenario, the role of the State and public institutions for driving the transformation of cities has gradually decreased, also due to the inefficiency related to the pachydermic and oxidized bureaucracy. Nowadays, urban regeneration – the transformation of existing real estate assets – is the new channel of intervention that is usually delegated to private initiatives: recovery of past industrial areas, railway stations and tracks, and existing (also historical) buildings. Talking about urban regeneration means shifting the focus on issues such as that of smart cities, favouring the existing urban fabric and, even more so, the historical city It also means taking care of the immense heritage of small historic centres, which must necessarily become an engine for rebalancing the territory and economic development, albeit “slow”. Based on an economic-urban combined analysis, this document illustrates the opportunities that urban regeneration can (and should) have on the housing market and society and which must be then the (good mechanisms) government by public institutions that are in charge of governing the territory, to achieve a reasonable balance between collective interest and private interest (without demonizing the income). Against the policy of unsustainable growth of new real estate development!
Highlights
Nowadays, urban regeneration – the transformation of existing real estate assets – is the new channel of intervention that is usually delegated to private initiatives: recovery of past industrial areas, railway stations and tracks, and existing buildings
The main effect of intervention is to support the development of construction sector more focused on the quality than on the quantity of buildings released, the sustainability instead of the growth speed, on the value of recovering ancient expertise and new occupation opportunities
Urban regeneration has to be “clever” because it will change the existing city, new and historical ones, in order to improve the life quality standard for citizens that are living in the area
Summary
The land rent, as suggested by John Stuart Mill at the end of XVIII century, is “unethical” because it does not come from job or skills and it has to be assigned not to the land “owner” but to the “community”. The demand for new development areas supported by small land owners was considered in the urban plans of small towns in geographical areas, like in Calabria 4, where the net population growth rate is negative in the last decades and there is an high hydro-geological hazard. In such scenario, the urban planning choices cannot be considered acceptable under different point of views. The provisions of the new plan (PRG 2003-2008) that was based on the (wrong) assumption of a further demographic growth 6 has to be implemented In this scenario, the urban regeneration projects represent a better approach for investing in the real estate market with respect to the new development.
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