Information Support for Industrial Area Redevelopment Projects

Abstract

Abstract Urban development is not only driven by higher residential density, taller buildings in business quarters, and intensive infrastructure development, but also by individual urban areas being repurposed. Industrial areas account for the highest potential in terms of area development within a city. Historically, such manufacturing conglomerates formed on the outskirts of cities, but the development of any urban community is tied to its area expanding. Thus manufacturing facilities once located on the outskirts have come to be in the central parts of large cities where they create an excessive burden on the environment; and make products at inevitably higher costs due to additional expenditure because of the high cadastral value of land and buildings within a city, high wages that have to be paid to specialists living in large cities, and other factors. Decisions on the renovation of industrial areas are made by municipal authorities and the main goal of an investor at the initial stage of entering a project is to form the structure of information support for a project making it possible to design, manage, and launch a redevelopment project.