Private sector participation in regenerating urban land

April 21, 2015

Many cities in the developing world face the problem of existing underutilized/unused land parcels. While the population growth is exceeding the cities’ capacity to accommodate residential, commercial, and recreational uses, the cities cannot find resources to regenerate available urban land within their boundaries. Therefore, urban regeneration is the talk on the block in urban development. Urban land regeneration includes a set of policies and actions, which aim at simultaneous revitalization of social, economic, environmental, and physical conditions of the distressed urban areas. However, since the governments normally lack necessary resources, many successful cases of regeneration include private sector participation. This panel summarizes successful examples of public-private partnerships in regeneration of urban land.