ECONOMICS UNIQUENESS

GOVERNANCE IN HISTORIC CITY CORE REGENERATION PROJECTS ■ 155
FIGURE 6.2
Traditional Conservation Decision-Making Sequence
Source: Author.
Heritage value identified by scholars
and conservation experts
Preservation plans prepared by
conservation experts
Funding secured from government
and philanthropic sources
Conservation works implemented
Use for the heritage assets found
Latin American countries moved to what can be called a second phase in the
conservation of urban heritage (Rojas and Moura Castro 1999). Brazil and
Mexico pioneered this phase and at the closing of the 20th century were joined
by countries such as Colombia, Peru, and Ecuador, and soon aft er by Chile.
In this phase, the economic values assigned to urban heritage go beyond the
economic non-use values (including the existence and inheritance values) and
expands to a broader range of values such as historic and aesthetic values and the
direct-use value related to tourism. Cultural groups are joined by organizations of
the civil society, nongovernmental organizations, and community organizations—
thus enlarging the scope of the cultural heritage assets considered for conservation,
and promoting greater public-sector involvement in the conservation of
urban heritage. National, regional, and local governments start budgeting funds
for the conservation of urban heritage (albeit at limited levels and with signifi cant