Towards a comprehensive urban redevelopment strategy : re-imagining the Plaza Egaña neighborhood in Santiago, Chile

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2020-05-15

Authors

Cantu, Erasmo, Jr.

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Abstract

Local governments often promote urban redevelopment strategies to bring positive change to their neighborhoods. Despite their proven economic benefits, the urban redevelopment process often brings negative externalities that harm the social fabric of the neighborhoods. Studies have shown that many of urban planning’s current issues such as systematic displacement, gentrification, loss of social cohesion, and unaffordability, are consequences of urban redevelopment (Glass, 1968; Smith, 1986; Feinstein, 1994 and 2010). The goal of the report is to provide municipalities with a guidance on the urban redevelopment process by developing an equity-driven approach to redevelopment that balances economic growth with communal benefits. The report follows three strategies that are key in the implementation of a comprehensive urban redevelopment strategy: (1) Establishing Community Goals, (2) Understanding the Urban Economy, and (3) Regulatory Analysis. This discussion will be paired with a practical application of the strategies in the redeveloping neighborhood of Plaza Egaña in Santiago, Chile to illustrate the redevelopment process. The report will conclude by providing context-based policy recommendations to Plaza Egaña that mitigate the externalities caused by urban redevelopment.

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