URBAN REGENERATION USING LOCAL-RESOURCES - COST-BENEFIT-ANALYSIS

Geographic areas within many cities are ripe for rehabilitation throug hout the nation, but revitalization must be preceded by substantial fr ont-end public expenditures. Because these front-end expenditures, mor e and more, must come from local revenues, city administrators are bec oming increasingly concerned about the Long-term fiscal feasibility of revitalization attempts. Recent and continued work in the Willoughby/ Ocean View area of Norfolk, Virginia provides an excellent example of the use of cost-benefit analysis in the determination of the feasibili ty of using local revenues to augment private-sector urban regeneratio n.