Abstract
The paper aims at investigating how different approaches in the interaction among public institutions, (local) entrepreneurs and communities lead to better perform effective urban regeneration processes. At this aim, purposely selected urban regeneration programs undertaken in some neighbourhoods of Boston are discussed against a conceptual frame drawn from the civic economics theory, trying to unveil the potential of innovative forms of multiple actors’ partnerships acting together to achieve urban regeneration goals. The paper demonstrates how both a conceptual shift of the role of private investors in partnerships for urban regeneration, capable to incorporate traditionally public- led goals into private duties, and a conceptual shift of public and private partnerships mechanisms, capable to incorporate not exclusively market-oriented values but also the value of reciprocity, can led to achieve: a) territorial concentration, obtained through place-based, community- based organisations enacting also central policies; b) continuity over time, obtained through the overlapping actions of multiple- stakeholders organisations covering different goals and areas that complement each other.
Highlights
The main goal of the paper is to demonstrate that innovative forms of partnerships involving public institutions, local entrepreneurs and communities can contribute to improve the outcomes, in economic terms, of urban regeneration processes, by discussing a set of cases studies against the conceptual frame provided by the paradigm of civic economics
The conceptual frame implemented to discuss the role of the principal agents of urban regeneration, i.e. the market, the community and the public institutions, is drawn by the theory developed within the communitarian approach and in the public good thinking, possible alternatives to the capitalistic approach to the market economy
This paper was aimed at demonstrating the potential of the conceptual paradigm of civic economics within urban regeneration processes
Summary
The main goal of the paper is to demonstrate that innovative forms of partnerships involving public institutions, local entrepreneurs and communities can contribute to improve the outcomes, in economic terms, of urban regeneration processes, by discussing a set of cases studies against the conceptual frame provided by the paradigm of civic economics. By recasting the issue of the value of reciprocity in urban regeneration through a communitarian and/ or a common good economics perspective, it is possible to build a conceptual frame capable to capture the reciprocity among communities, public and private agents. In this way, the traditional dichotomy private vs public approach to urban regeneration (i.e., market-led and commercial-led vs community-led regeneration) can be overcome. Hard criticism has been expressed by some authors [5] on the effectiveness of the community-led approach in urban regeneration processes, it has to be highlighted how it concerns more the operational aspects of the community-led tools implementation rather than the recognition of the community added value in itself
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