ECONOMICS UNIQUENESS

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viii ■ CONTENTS Appendix II: Additional Robustness Checks 203 Notes 209 References 210 Chapter 8. Financial Mechanisms for Historic City Core Regeneration and Brownfi eld Redevelopment Francesca Romana Medda, Simone Caschili, and Marta Modelewska 213 Introduction 214 Public Good Assets and Private Intervention 217 The Catalyst Player: The Role of Government 222 Public-Private Partnerships 226 Land Value Finance 230 Urban Development Funds 233 Impact Investment 236 Conclusion 238 Notes 240 References 240 Chapter 9. Mapping Heritage Economics for Spatial Analysis in Historic City Cores Christian Ost 245 Introduction 246 Historic Cities Face New Challenges 247 Economic Values and Indicators 249 Mapping Economic Values 251 Enhancing Urban Spatial Function 270 Case Study: The World Heritage City of Djenné in Mali 274 Conclusion 279 Notes 280 References 282 Index 285 Boxes 3.1 Cost-Benefi t Analysis Confi rms the Cultural and Economic Value of Conservation in Zanzibar 49 3.2 Environmental Economics Provides a Model for Estimating the Value of Investments in Heritage Conservation 53 3.3 Sites in Honduras Illustrate a Wide Range of Cultural Values 55 3.4 Regulatory and Legislative Initiatives Support Heritage in Albania 59 3.5 Direct Government Support for Heritage Protection Creates Visible Results in Romania 63
CONTENTS ■ ix 3.6 A Comprehensive and Integrated Approach to Urban Regeneration in Vilnius 64 4.1 Cost-Benefi t Analysis Is Useful in Considering Investments in Conservation and Tourism in Honduras 80 4.2 Contingent Valuation Estimates the Willingness to Pay of Both Tourists and Residents in Guizhou, China 84 4.3 Contingent Valuation Is Used to Estimate Both the Cultural and Ecological Value of Lake Sevan in Armenia 86 4.4 A Variety of Techniques Are Used to Estimate the Benefi ts of Investments in Confucius’ Hometown 92 5.1 Responsible Planning and Investments Restore the Walled City of Baku’s World Heritage Listing 111 5.2 Comprehensive Urban Revitalization Strategies Help Conserve Jordan’s Historic Cities 123 5.3 Urban Upgrading Increases Property Values in the Historic Medina of Tunis 126 5.4 A Wide-Ranging Set of Project Components Supports Development in Georgia 127 5.5 Urban Upgrading and Keeping Residents in Place Conserves Historic Neighborhoods in Shaoxing, China 133 5.6 Lebanon Project Is Mitigating the Impact of Urban Upgrading on Housing for Poor Households 137 6.1 Adaptive Reuse Preserves a Symbol of Identity and Distinctiveness for the City of Chongqing in China 146 6.2 The Bali Heritage Trust Supports Tangible and Intangible Cultural Assets 148 6.3 Multiple Enhancement Activities Resulted in World Heritage Listing in Four Cities of Mauritania 151 6.4 Historic Moon Lake Is a Valuable Asset for Greater Ningbo in China 158 6.5 Private Sector Investment Is Used as a Criterion for Sub-Project Selection in Russia 160 6.6 Balancing Conservation with the Demands for Access and Mobility in a Major Metropolitan Area in China 179 7.1 Tourism Is an Important Part of the Development Strategy for Sub-Saharan Africa 187 7.2 The World Bank Has Supported Investments at Many UNESCO World Heritage Sites 190 7.3 Environmental Protection Projects Help Sustain World Heritage Sites 192
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Page 8 and 9: vi ■ CONTENTS Project Appraisal i
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0 45° INVESTING IN THE SENSE OF PL
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INVESTING IN THE SENSE OF PLACE ■
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FIGURE 2.4 continued INVESTING IN T
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A Dubious Alternative: Property Rec
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46 ■ THE ECONOMICS OF UNIQUENESS
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TABLE 4.1 Overview of Hedonic Price
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FIGURE 6.5 Quito and Oaxaca: Timeli
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TABLE 6.5 Quito Investments in the
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7 UNESCO World Heritage List, Touri
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UNESCO WORLD HERITAGE LIST, TOURISM
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TABLE 7.1 Regional and Historical D
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TABLE 7.3 Benchmark Regressions Fir
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TABLE 7.10 Robustness to Using Diff
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8 Financial Mechanisms for Historic
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FINANCIAL MECHANISMS FOR HISTORIC C
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BOX 8.2 FINANCIAL MECHANISMS FOR HI
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BOX 8.3 FINANCIAL MECHANISMS FOR HI
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TABLE 8.1 Local Financial Tools Use
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FIGURE 8.4 Brownfi eld Concession T
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Boxes, fi gures, maps, notes, and t
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China. See also specifi c cities ac
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public sector role, 222-26, 223b, 2
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Kraay, A., 198 Kratz, C. G., 96 L l
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Pine Ridge Reservation (U.S.), 238
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Shaoxing, China, local residents re
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urban economics appraisal approach,
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ECO-AUDIT Environmental Benefits St
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ECONOMICS UNIQUENESS

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