Abstract
Buildings are one of the biggest assets of Lisbon's central downtown accumulated over a period of several centuries. The efficient use and optimization of the value of these assets are a challenge for both the owners of individual buildings and for society as a whole. Recently, a new regeneration initiative was announced for old urban Lisbon's downtown, covering three fields of intervention: the economic, social and physical fields. This paper presents a case study of the regeneration program for the Lisbon's old downtown including an analysis of the framework used to assess the costs and benefits. Santrauka Pastatai – tai vienas pagrindinių Lisabonos centrinio komercinio rajono turtų, sukauptų per keletą amžių. Efektyvus šio turto naudojimas ir vertės optimizavimas – tai iššūkis ir atskirų pastatų savininkams, ir visai visuomenei. Neseniai paskelbta nauja senojo Lisabonos komercinio rajono atgaivinimo iniciatyva, apimanti tris intervencijos sritis: ekonominę, socialinę ir fi zinę. Šiame darbe pristatomas senojo Lisabonos komercinio rajono atgaivinimo programos atvejo tyrimas, pateikiama sąnaudų bei naudingumo įvertinimo sistemos analizė.
Highlights
The physical and social degradation of central urban areas is a widespread problem in major European Union (EU) cities, and the causes are related to the abandoning of old urban spaces and a reduction of investment in their main assets (Urbeviva, 2007)
Cost-benefit analysis has been widely accepted as an appropriate tool for appraising regeneration and renewal programs
Analysis of the economic effects of urban regeneration and renewal initiatives or strategies is an useful tool for assessing planning policies and decisions in central urban areas
Summary
The physical and social degradation of central urban areas is a widespread problem in major European Union (EU) cities, and the causes are related to the abandoning of old urban spaces and a reduction of investment in their main assets (Urbeviva, 2007). Major urban renewal projects in urban central areas are justified by the public interest in restoring deteriorated architectural heritage (Couch et al, 2002). In response to the dramatic physical deterioration of building assets and the rapid decline in occupancy in the central areas of Portugal’s major cities, in 2004 the Portuguese government published the legal framework that regulates the creation and operation of the urban rehabilitation societies (RSRU, 2004). The mission of these societies is to develop and promote urban regeneration initiatives aimed at revitalising and regenerating the rundown central areas of Portugal’s major cities
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