ECONOMICS UNIQUENESS

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290 ■ INDEX Historic Cities and Sacred Sites: Cultural Roots for Urban Futures (World Bank), 248b historic value, 55, 145f, 155, 160 Hoi An, Vietnam, landmarks and historic centers in, 16 Honduras cost-benefi t analysis for conservation investments, 80b cultural values in, 55b Hotspots survey, 12–13 Hough, D. E., 96 housing, 7, 80, 82, 85b HP, 12 Hugo, Victor, 262 human capital, 47 I “IBM Plant Location International Report 2011,” 8 ICB (Instituto Cultural da Bahia, Chile), 170–71 ICOMOS. See International Council on Monuments and Sites IDF (Institutional Development Fund), 59b IFSC (International Financial Services Centre), 9 ILO (International Labour Organization), 2 impact fees, 231 impact investment funds, 217, 236–38 INAH (National Institute of Anthropology and History of Mexico), 152 incentives for architectural values, 38 for brownfi eld redevelopment, 224 heritage designations and, 122, 128 in heritage policy, 62–64, 63–64b regulatory environment and, 60 for urban upgrading, 37–38 India brownfi eld redevelopment in, 224, 226 impact investment funds in, 237 indirect use value, 109, 145–46, 260, 278 Industrial Development Agency (Ireland), 8, 9 information, access to, 41–42 infrastructure communications, 10, 82, 248, 268 cost-benefi t analysis for, 80, 82, 85b and displacement of local residents, 134 gentrifi cation and, 130 heritage designations and, 127 private sector investments linked to, 25 transport, 82, 261, 268 in urban upgrading projects, 19 inheritance value. See bequest value Institutional Development Fund (IDF), 59b Instituto Cultural da Bahia (ICB, Chile), 170–71 insurance programs, 235 Inter-American Development Bank, 64–65 intergenerational equity, 48 International Council on Monuments and Sites (ICOMOS), 149, 170, 214 International Financial Services Centre (IFSC), 9 International Labour Organization (ILO), 2 involuntary resettlement, 134 IPHAN (National Institute of Historic and Artistic Heritage of Brazil), 110, 152 Ireland talent hub strategy in, 6–7 urban development funds in, 234 irreversibility of demolition decisions, 36, 49 Istanbul, Turkey, brownfi eld redevelopment in, 229, 232–33 Italy brownfi eld redevelopment fi nancing from, 221b heritage designations in, 111 stakeholders in, 147 J Jamaica, stakeholders in, 147 Japan, rental data in, 113 JESSICA (Joint European Support for Sustainable Investment in City Areas), 234, 235–36 job creation, 2–3, 81, 131, 135–36, 184 job training, 136, 172 Johnson, S., 194 joint development, 231 Joint European Support for Sustainable Investment in City Areas (JESSICA), 234, 235–36 Jones, C. I., 193–94 Jordan, urban revitalization strategies in, 123b K Kakheti region, Georgia, 127b Keynes, John Maynard, 281n13 Kilmainham Gaol (Dublin), 9 Kleibergen-Paap statistics, 197 knowledge-based workers, 5–6
Kraay, A., 198 Kratz, C. G., 96 L labor market job creation, 2–3, 81, 131, 135–36, 184 job training, 136, 172 local hiring mandates, 135–36 Lake Sevan, Armenia, 86b Lakota Fund, 238 landmarks heritage designations for, 112, 117 premium attached to, 126 socially optimal preservation and, 29–30, 33–34 land-use laws, 116, 176 land value fi nance (LVF), 217, 230–33 Laos, landmarks and historic centers in, 16 Latin America. See also specifi c countries brownfi eld redevelopment in, 226, 229 urban heritage conservation in, 152–56 Lazrak, F., 88 Lebanon, urban upgrading impact mitigation in, 137b Lee, C., 219 Lee, J. W., 209n7 Lianyungang Wastewater (China), 226 Lijiang, China, landmarks and historic centers in, 16 Likert scale, 56 Linkedin, 12 Linyi City Salcon Water (China), 226 Lithuania, fi scal incentives for heritage protection in, 64b loans to local community, 19. See also fi nancing local government brownfi eld redevelopment and, 224 resource allocation and, 151, 152 role of, 147–48 urban spatial function enhancement role of, 270 local identity, 76 local residents gentrifi cation and, 132–33 hiring mandates for, 135–36 outside investors vs., 41–42 Lodz, Poland, brownfi eld redevelopment in, 227 London Cultural Consortium, 72n2 London Historic Environment initiative, 58, 72n2 INDEX ■ 291 long-wave theory, 247 Louisville, Kentucky, heritage designations in, 116 Louw, Kathleen, 282n19 low-income households decision-making process and, 163 heritage designations and, 125 housing for, 7 ownership programs for, 136 property taxes and, 140n7 property values and, 128–34 Luang Prabang, Laos, landmarks and historic centers in, 16 Luxembourg, quality of life ratings for, 280n7 LVF (land value fi nance), 217, 230–33 Lyon, France quality of life ratings for, 281n7 Vieux Lyon quarter in, 281n8 M macroeconomic leakages, 282n18 macroeconomic multiplier, 250 Maiga, Abba, 246 maintenance costs decline of urban core and, 129 heritage designations and, 112 regulatory environment and, 60 responsibility for, 282n21 sustainability and, 48 Mali, spatial analysis in, 274–79, 276b, 277m Manufaktura project (Poland), 227 Massawa, Eritrea, brownfi eld redevelopment in, 215, 216b Master Plan for the Integrated Rehabilitation of the Historic Areas of Quito, 172 Mauritania, heritage designations in, 151b McHarg, Ian, 282n15 Medda, Francesca Romana, 213 Memphis, Tennessee, heritage designations in, 118–19 Mercer Quality of Living Survey, 280n7 Mexico conservation progress in, 152, 155 rental data in, 113 Miami, Florida, private sector investment in, 35 middle-class households, 7, 128, 172 Milken Institute, 239 monetary analysis, 83, 89 Mont-Saint-Michel, France, 281n11 Moon Lake (Ningbo, China), 158b
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Public Disclosure Authorized Public
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Th e Urban Development Series discu
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© 2012 International Bank for Reco
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vi ■ CONTENTS Project Appraisal i
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viii ■ CONTENTS Appendix II: Addi
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x ■ CONTENTS 7.4 Tourism Is Coupl
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xii ■ CONTENTS 9.1 How to Organiz
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Exegi monumentum aere perennius reg
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ACKNOWLEDGMENTS ■ xvii Cultural O
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xx ■ OVERVIEW What Are the Object
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xxii ■ OVERVIEW and captures the
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xxiv ■ OVERVIEW periphery, especi
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xxvi ■ OVERVIEW tourism—by impr
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xxviii ■ OVERVIEW 3. Institutiona
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1 Livable Historic City Cores and E
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LIVABLE HISTORIC CITY CORES AND ENA
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2 Investing in the Sense of Place:
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INVESTING IN THE SENSE OF PLACE ■
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0 45° INVESTING IN THE SENSE OF PL
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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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ECONOMICS UNIQUENESS

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