urban regeneration

As cities age, buildings deteriorate and become overcrowded. Residential areas expand further from the CBD, causing commerce to follow, until the city centre is merely a ghost of its former self. Rentals drop, vacancies rise and criminal elements often move in, making an erstwhile vibrant CBD dangerous and unproductive for both commerce and residents. Investor portfolio values drop to a new low, and this is when it becomes clear that there is a need to regenerate the area, or accept a loss and … [Read more...] about Is urban regeneration viable in South Africa today?