Abstract
Local property owner's associations (Eigentuemerstandortgemeinschaften (ESG)) are a new approach to implementing public–private partnership in urban redevelopment. The approach focuses on smaller landlords in residential areas, providing incentives for the modernization of real estate if their local associations work cooperatively for the revitalization of their neighbourhood. The research initiative consists of 14 model projects spread throughout Germany, which test this relatively informal urban redevelopment approach. The article considers public–private partnership initiatives in the context of stagnating federal financial assistance for urban redevelopment and provides new financing tools such as endowment funds. This article presents first results and suggestions for the continuation of model projects beyond the pilot stage.
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