Towards Value Increase in Urban Regeneration
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The research presented in this thesis contains a part of the ongoing effort to improve the situation of the decision-making process at municipalities with regard to urban regeneration. By the means of urban regeneration, municipalities aim to increase the current value of an urban area. This so called 'value improvement' is obtained when extra performances achieved by urban regeneration outrun the life cycle costs for it. This implies that if both parameters are quantified the decision making process becomes more transparent. Nevertheless, practice at municipalities show differently. On the on...
The research presented in this thesis contains a part of the ongoing effort to improve the situation of the decision-making process at municipalities with regard to urban regeneration. By the means of urban regeneration, municipalities aim to increase the current value of an urban area. This so called 'value improvement' is obtained when extra performances achieved by urban regeneration outrun the life cycle costs for it. This implies that if both parameters are quantified the decision making process becomes more transparent. Nevertheless, practice at municipalities show differently. On the one hand, decisions regarding urban regeneration are based solely on investment costs. On the other hand, extra performances obtained by urban regeneration are described in qualitative manners. It is hypothesized that both shortcomings result in sub-optimal decision making.
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