Start here · Essential guide
The Impact of Urban Renewal on Local Economies
An overview of how urban renewal can lift or disrupt local economies, which groups tend to gain, which can lose, and why the outcomes are uncertain.
Access and Economy
What renewal and development mean for local economies and how to measure it.
Start here · Essential guide
An overview of how urban renewal can lift or disrupt local economies, which groups tend to gain, which can lose, and why the outcomes are uncertain.
Why public and private money flows into growing cities, what separates investments in expansion that pay off from those that fall short, and the risks involved.
Which indicators, such as jobs, vacancy and property values, are used to judge whether regeneration worked, how each is measured, and what each can hide.
How a formal cost-benefit analysis of a renewal scheme is built, shown with a labeled hypothetical you can check by hand, plus what such analyses tend to miss.
A step-by-step look at how planners estimate direct, indirect and avoided-cost benefits of renewal, with simple hypothetical arithmetic you can check by hand.
A survey of who pays for urban renewal, from public budgets and grants to private capital and lenders, and how risk and return are shared among them.
How renewal fits into a wider local economic development strategy with goals for jobs, skills and investment, and why physical projects alone rarely suffice.
How the economic effects of renewal spill into neighboring areas and community life beyond the project boundary, for better and for worse.
A clearly labeled hypothetical composite showing the typical sequence of economic changes after a renewal project, and where the evidence is uncertain.
A labeled hypothetical composite of a renewal area showing how economic effects are tracked over time with baselines and comparisons, and where evidence stays uncertain.
How housing, jobs, transit and public space investments can reinforce each other in a renewal area, and the conditions under which they compete or cancel out.
A survey of growth approaches cities try, such as anchor employers, small business support, land assembly and tourism, with the limits and trade-offs of each.
Why renewal and economic growth often appear together in data, yet showing that one caused the other is hard: selection effects, confounders and reverse causation.
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