Article: URBAN REGENERATION ECONOMICS: THE CASE OF LISBON'S OLD DOWNTOWN

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.

KEYWORDS: Building; Cost-benefit analysis; Economic analysis; Urban renewal

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