Urban Renewal Investment: : A CASE STUDY OF HAMILTON, ONTARIO

Abstract: Urban Renewal activity can be attributed to the reuse and intensification of tertiary areas. Past research suggests areas of regeneration can perform at par and/or better then prime property sectors. Policy initiatives lowering perceived risk, attracting investment is conditional to the unique characteristics of renewal areas. As a progressive area of research there still remains insufficient data to quantify related returns and associated risks. Financial institutions tend to favor prime property and neglect tertiary areas. Local, smaller developers can comprehend the holistic nature of renewal investment. A comparative analysis of past urban renewal investment behavior with actors of renewal investment in Hamilton, Ontario, Canada, were evaluated leading to empirical possibilities of investment alternatives.