Infrastructure Restoration as a Tool for Stimulating Urban Renewalâ€” The Glasgow Canal
Kenneth Button and
Urban Studies, 1989, vol. 26, issue 6, 559-571
This paper is concerned with examining the economic implications of refurbishing major pieces of redundant urban infrastructure, taking the Forth and Clyde Canal as a case study. In particular, it focusses on the role that such infrastructure may play in assisting urban renewal. While conventional, comprehensive cost-benefit analysis techniques offer one broad approach to evaluating such projects, for both institutional and technical reasons, specific refinements are often necessary. A central theme of the paper is that there is a need to develop a tractable framework of economic appraisal for major urban refurbishment projects given the institutional constraints imposed by the funding agencies.
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:26:y:1989:i:6:p:559-571
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