Not all aspects or impacts can be valued quantitatively, but a CBA also requires the documentation of non-quantifiable costs and benefits so these can be considered in the ledger. It may be that a smaller project, with a more limited range of objectives, would opt for a single developer solution not necessarily a single architect solution because the developer may choose their own subdivision and development approach.
Urban renewal strategies and case studies in nigeria aims and objectives should drive a bespoke rather than off the shelf approach to procurement. This identifies whether there is a surplus of benefits over costs. Southwark Council, 7. Allies and Morrison, 3. These principles are not locked in place, but are guiding principles to ensure urban renewal benefits the widest community possible.
These benefits extend to new community facilities, the reclamation of public space, etc. It is available at. Best practice principles for urban renewal Urbecon Volume 2 In cities around the world, urban renewal is transforming underutilised and degraded areas into spaces and built environments that meet contemporary living, working or cultural needs.
Best practice principles There is no single way to undertake urban renewal, as it depends on the local context and circumstances. But this misunderstands its potential in the urban renewal context where it can be used to evaluate the contribution of different potential options to social or community wellbeing.
And they could introduce deferred infrastructure charges, which provide an incentive for early investment and retain the capacity to garner some of the uplift in land value over time.
Establish clear development objectives With a clear understanding of the development rationale and the non-negotiables, the planning process involving engagement with stakeholders, should develop and confirm clear objectives. To achieve this it may mean that the government has a greater role as infrastructure provider and developer, prior to multiple private sector players becoming involved in individual housing or commercial projects.
The CBA technique compares the traded benefits explicit financial returns generated by the development and the non traded benefits received by parties external to the immediate financial transactionwith the traded costs direct labour, land and capital invested in the project and non-traded costs felt by external parties as a result of the construction or operation of the project once complete.
The lease period would need to be lengthy to attract substantial investment — say 50 years plus — but ultimately the value created via public investment in infrastructure would flow back to the community.
Some precincts may have short term prospects to satisfy particular hot property markets or meet pressing objectives, but in general a long term view should be adopted. The study analysed six urban renewal case studies to draw out core, and process-related principles for urban renewal processes.
However there have been criticisms of large scale urban renewal processes. This does not necessarily allow for judgements serving the long term public interest. For example, non-negotiables might include respect for existing lease terms; protection of key public domain from overshadowing by new buildings; or social mix and a commitment to a fixed share of affordable housing.
When contemplating urban renewal strategies for large, government owned sites, financial returns to Government can trump the economic, social and environmental returns to the community at large. Align procurement model with the planning vision Ultimately the governance, implementation and procurement path — the way the development proceeds - should be determined by the planning vision.
Develop the plan with stakeholders Part of delivering on the shared value idea is to engage with the community and establish meaningful stakeholder engagement and representation in preparing the plan.
Without using such techniques it may be that financial considerations or otherwise vague community aims, end up dominating choices between options.
This inevitably means that some up-front financing should be provided by government but also, that as land is sold and private sector development proceeds, the government should be entitled to an appropriate share of the land value realised, to fund a return on its early investment.Purpose – The purpose of this paper is to appraise the sustainability of the Nigerian Army Shopping Arena urban renewal project in Oshodi-Lagos, Nigeria.
Design/methodology/approach – Case study research design was adopted for the study and both quantitative and qualitative data collection methods were used. Data were.
Request PDF on ResearchGate | An appraisal of urban renewal in Nigeria: A case study of the Nigerian Army Shopping Arena, Oshodi-Lagos | Purpose ‐ The purpose of this paper is to appraise the.
An appraisal of urban renewal in Nigeria A case study of the Nigerian Army Shopping Arena, Oshodi-Lagos governments in Lagos have applied different urban renewal strategies ranging from sustainability of this urban renewal project.
The study is expected to contribute to the. CASE STUDIES IN UNIVERSITY-LED URBAN REGENERATION.
CASE STUDIES IN UNIVERSITLEDY- URBAN REGENERATION UCL Urban Laboratory has been keen for the university's estates strategy to be informed by, and respond to, its strong traditions of critical urban scholarship investment3 – as well as drivers of urban renewal (see Case Study.
European Scientific Journal June /SPECIAL/ edition vol.2 ISSN: – (Print) e - ISSN URBAN DESIGN AND SUSTAINABLE DEVELOPMENT: A CASE OF MAKOKO AREA OF LAGOS STATE, NIGERIA Olumuyiwa O Ajayi, MSc.
Best practice principles for urban renewal; Urbecon Volume 2 When contemplating urban renewal strategies for large, government owned sites, financial returns to Government can trump the economic, social and environmental returns to the community at large.
The study analysed six urban renewal case studies to draw .Download