Exploring the Key Factors Influencing Sustainable Urban Renewal from the Perspective of Multiple Stakeholders

Yunxi Bai (), Shanshan Wu () and Yunjie Zhang
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Yunxi Bai: School of Architecture, Harbin Institute of Technology, Shenzhen 518055, China
Shanshan Wu: School of Architecture and Urban Planning, Suzhou University of Science and Technology, Suzhou 215009, China
Yunjie Zhang: Department of Architecture and Civil Engineering, City University of Hong Kong, Hong Kong, China

Sustainability, 2023, vol. 15, issue 13, 1-21

Abstract: A successful urban renewal policy, process, and project implementation should advocate sustainable development from economic, social, and environmental perspectives. As different stakeholders have different interests and insights into the importance of the environment, housing, social wellbeing, and economic concerns, they often have different ideas concerning how to develop urban renewal strategies and implement projects. Although previous studies have focused on the opinions of governments and academics, fewer studies have considered the direct beneficiaries of urban renewal—the residents. This study examined the key factors that influence sustainable urban renewal from the perspective of multiple stakeholders, including local governments, residents, developers, and designers. Social network analysis (SNA) and the reliability interval method (RIM) were integrated to form a SNA-RIM analytical framework to analyze the importance of the influencing factors. The results showed that the adjustment of the regional industrial structure, employment opportunities, and environmental qualification improvement had the most significant influence on sustainable urban renewal from economic, social, and environmental perspectives, respectively. In addition, different types of stakeholders do not value sustainability indicators in the same way. Local governments place more emphasis on return on investment, employment opportunities, and environmental qualification improvement, whereas residents focus on per capita income growth rate, public service facilities, and convenience of municipal infrastructure. Developers are most interested in the land value growth rate, public service facilities, and effective land use space, whereas designers attach the greatest importance to the adjustment of regional industrial structure, public service facilities, and effective land use space. Therefore, this study can help urban planners and decision makers balance the interests, seek common benefits for different types of stakeholders, and improve sustainable and inclusive urban renewal.

Keywords: sustainability; urban renewal; influencing factors; multiple stakeholders; social network analysis; reliability interval method; collaborative decision making (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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