Retail-led regeneration: Assessing the property outcomes

Cliff Guy

Journal of Urban Regeneration and Renewal, 2008, vol. 1, issue 4, 378-388

Abstract: This paper examines the notion that retail development can act as 'catalyst' at an early stage of urban regeneration projects, leading to further non-retail development in due course. The processes by which large retail stores were built at an early stage in three such projects in the Cardiff Bay area are explained. These case studies show support for the financial case for retail-led regeneration, but also that retail development has been encouraged for mainly pragmatic reasons and shows little synergy with other, non-retail development. These schemes, all located out of centre, were developed contrary to retail planning guidelines. In the present policy climate, such schemes may be difficult to justify.

Keywords: Retail development; superstores; retail parks; property-led regeneration; Urban Development Corporations; Cardiff (search for similar items in EconPapers)
JEL-codes: R00 Z33 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jurr00:y:2008:v:1:i:4:p:378-388

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