ECONOMICS UNIQUENESS

FIGURE 8.4
Brownfi eld Concession Trends
number of projects
600
500
400
300
200
100
0
Source: Authors based on World Bank data.
FINANCIAL MECHANISMS FOR HISTORIC CITY ■ 227
317
234
2000–09 1990–99
rehabilitation of the historic building stock. Th ese activities were carried out in
cooperation and in formal partnerships with the private sector.
Another interesting redevelopment project was carried out in the former
Poznanski’s cotton factory in Lodz (Poland). In this case, the PPP mechanism was
structured under an informal framework whereby the private actor was the main
investor (cost of the whole investment estimated at €120 million) and the local
authorities (city hall, marshal’s offi ce, and provincial heritage conservator) were
involved in the design works and execution of the building renovation. Th e project
included creation of a multifunctional center, which opened in 2006 under
the name Manufaktura, housing entertainment, commercial, and cultural activities
(including the National Museum of Modern Art, cofi nanced by the EU). Th e
Manufaktura project has provided signifi cant impetus to the economic regeneration
of the city core by focusing on an extensive derelict area (27 hectares) and has
also had an important impact on the economy of the city as a whole. For instance,
2,500 people were employed for the redevelopment, and 3,500 are now working
in the center.
Formal PPP arrangements usually have a robust structure composed of different
parts that each play a key role in the implementation of a project. Figure
8.5 presents a sample schema of the agents, parts, and relationships involved
36
21
260
199
BROT RLT ROT