|M.Sc Student||Assis Doron|
|Subject||Survey and Analysis of Financing Methods for Urban Renewal|
and Redevelopment Projects
|Department||Department of Civil and Environmental Engineering||Supervisor||Professor Yehiel Rosenfeld|
|Full Thesis text - in Hebrew|
Old and new Cities are constantly facing the changes taking place within their own urban tissue. Changes such as technological innovations, trends and changes in consumer's preferences, demographic movements and etc. those are all affect the structure of urban life, and reflect upon the nature of life in the city, precisely on character and life in certain neighborhoods. Old areas and neighborhoods in some cities often find it difficult to implement those same changes in their midst, resulting in uneven standards of living among different areas of the same city. Those standards are uttered in socioeconomic gaps, access to infrastructure, and sense of personal security of residents in those places. By that a once desirable neighborhood with prestigious past becomes very much a slum, abandoned by those who can afford a better housing for themselves, only to be populate by new low income dwellers. Poverty becomes more present, and so the lack or deficiency provision of basic services such as water and sanitation, garbage removal and adequate law enforcement.
The awareness for social problems caused by those dire circumstances grow steeply as the field of urban studies become more prominent. Several ideas and disciplines were made for tackling those severe issues, ranging between total inhalation as demonstrated in "Pruitt-Igoe" to more delicate matters such as Waterfront Park in Portland, Oregon. As interest in reviving degraded zones grew among municipal authorities, the use of the term "Urban renewal" became more present. The meaning of this expression is generally used to describe process in which a once degrading urban tissue is revived through the efforts of its own residents, proactively by the municipality itself, or both. Urban renewals projects began to appear in many cities around globe, both in developed and developing countries. As for Israel, the of use urban renewal term became much more prominent since the legislation of the National Master Plan #38 (NMP 38 - pronounced in Hebrew , "TAMA 38") The plan, aimed originally for strengthening and upgrading of old buildings against earthquakes, became a useful tool for execute the potential of urban renewal in neighborhoods and many areas in Israel. However, the mechanism behind the consumption of the NMP 38 potential has an inherent flaw within. The financing of the process itself much relies upon the supply and demand for housing in desired area in order to put this plan into practice.
Out of In this situation, the execution of the NMP 38 becomes impractical when a less desired zone is about. Which is more than ironic considering the notion and purpose of urban renewal itself? As so, the main goal of this study will be to find alternative financing methods for executing urban renewal projects. Methods of which do not necessarily rely on the mechanism of supply and demand for housing By that hopefully the utilization of NMP 38 will be at much broader scale, and much more citizens could be benefiting out of the urban renewal process.