The Transfer of Development Rights for the Regeneration of Brownfield Sites

Abstract

The redevelopment of brownfield sites requires the involvement of the skills and resources of the private operator for the technical risks associated with the transformation and the high financial commitments. In the current scarcity of public resources, among the most widely used schemes there is one that provides development rights of equivalent value to locate on the areas to recover in order to compensate the amounts incurred by the private investor. The model developed and tested in this paper deals with this theme. It produces a wide range of possible urban parameters to attribute to the regenerated areas, upon which it is possible to develop the negotiation between the public and private sectors in order to define the solution to be implemented. The experimental results of the model highlight the usefulness of activating regeneration initiatives, and in particular of contaminated sites.