Urban Renewal Strategy Guided by Rail Transit Development Based on the “Node–Place–Revenue” Model: Case Study of Shenyang Metro Line 1

Under the backdrop of urban renewal, harmonizing transit-oriented development (TOD) with urban renewal to maximize rail value has emerged as a critical focus in contemporary planning. Based on this, this paper proposes the node–place–revenue (NPR) model, which constructs evaluation indexes from the three dimensions of the node, place, and revenue. It determines the weights of each index by using expert scoring and the Analytic Hierarchy Process (AHP). Taking Shenyang Metro Line 1 as an example, the study first used the model to measure the node value, place value, and revenue value of each sample TOD station area. Secondly, K-means clustering analysis was used to form a spatial classification of five station areas. Finally, this paper proposes one differentiated urban renewal strategy for each type of station area. It is found that (1) the NPR model classifies stations into five categories: stress and high revenue, balanced, unbalanced node, unbalanced place, and dependence and low revenue and (2) the differentiated urban renewal strategies for each type of station area can be explored in terms of precise decongestion, node upgrading, function expansion, endogenous optimization, and infill quality improvement. This paper examines the economic driving effect of Shenyang Metro Line 1 stations on the renewal of the surrounding areas from the perspective of the economic balance of payments, providing a new reference for Shenyang-rail-transit-guided urban renewal work.