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The Public–Private Partnership for the Enhancement of Unused Public Buildings: An Experimental Model of Economic Feasibility Project

Author

Listed:
  • Francesco Calabrò

    (PAU Department, Mediterranea University of Reggio Calabria, 89124 Reggio Calabria, Italy)

  • Lucia Della Spina

    (PAU Department, Mediterranea University of Reggio Calabria, 89124 Reggio Calabria, Italy)

Abstract

This article is part of the debate on the economic evaluation of urban regeneration projects to be implemented through partnership forms between public and private subjects. It illustrates the results of the research activity carried out by the authors, aimed at developing innovative tools to verify the economic feasibility and the sustainability of projects for the reuse of unused public buildings. Particularly, the study made it possible to develop an experimental model of economic feasibility project to be used in the. The model aims at verifying if the economic conditions are satisfied, and which ones, if any, are appealing for the private involvement within the realization and/or management of collective utility interventions. Significant points of the model are: (1) The inclusion of real estate re-use projects in the wider context of urban and territorial regeneration; (2) the adoption of criteria to assess costs and revenues remarkably eligible, in the authors’ opinion, to understand the effective economic feasibility and/or sustainability of reuse projects, even under the framework of reliable techniques as the ‘Cash Flow Analysis’ and the ‘Discounted Cash Flow Analysis’.

Suggested Citation

  • Francesco Calabrò & Lucia Della Spina, 2019. "The Public–Private Partnership for the Enhancement of Unused Public Buildings: An Experimental Model of Economic Feasibility Project," Sustainability, MDPI, vol. 11(20), pages 1-25, October.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:20:p:5662-:d:276294
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    References listed on IDEAS

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    1. Antonio Nesticò & Maria Macchiaroli & Ornella Pipolo, 2015. "Costs and Benefits in the Recovery of Historic Buildings: The Application of an Economic Model," Sustainability, MDPI, vol. 7(11), pages 1-16, November.
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    Cited by:

    1. Lucia Della Spina, 2020. "Adaptive Sustainable Reuse for Cultural Heritage: A Multiple Criteria Decision Aiding Approach Supporting Urban Development Processes," Sustainability, MDPI, vol. 12(4), pages 1-20, February.
    2. Benedetto Manganelli & Sabina Tataranna & Marco Vona & Francesco Paolo Del Giudice, 2022. "An Innovative Approach for the Enhancement of Public Real Estate Assets," Sustainability, MDPI, vol. 14(14), pages 1-14, July.
    3. Luigi Dolores & Maria Macchiaroli & Gianluigi De Mare, 2020. "A Dynamic Model for the Financial Sustainability of the Restoration Sponsorship," Sustainability, MDPI, vol. 12(4), pages 1-27, February.
    4. Agnese Amato & Maria Andreoli & Massimo Rovai, 2021. "Adaptive Reuse of a Historic Building by Introducing New Functions: A Scenario Evaluation Based on Participatory MCA Applied to a Former Carthusian Monastery in Tuscany, Italy," Sustainability, MDPI, vol. 13(4), pages 1-22, February.
    5. Esad Muminović & Uroš Radosavljević & Džemila Beganović, 2020. "Strategic Planning and Management Model for the Regeneration of Historic Urban Landscapes: The Case of Historic Center of Novi Pazar in Serbia," Sustainability, MDPI, vol. 12(4), pages 1-33, February.

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