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Infrastructure Restoration as a Tool for Stimulating Urban Renewal— The Glasgow Canal

Kenneth Button and David Pearce

Urban Studies, 1989, vol. 26, issue 6, 559-571

Abstract: 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.

Date: 1989
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