Urban Models in Italy: Partnership Forms, Territorial Contexts, Tools, Results

Leveraging energy efficiency to finance public-private social housing projects

“…Further developments have led to the use of RS as a tool to treat incomplete or imprecise information systems (Kryszkiewicz, 1998;Greco et al, 1999;Dembczyński et al, 2009), and also as a multicriteria decision support tool (Pawlak, 1997;Greco et al, 2000Greco et al, , 2001Greco et al, , 2002Abastante et al, 2013Abastante et al, , 2014. RS analyses have already been carried out to investigate the feasibility drivers of urban renewal transactions, particularly those implemented through PPPs (Nijkamp et al, 2002;Stanghellini and Copiello, 2011). Recently, applications concerning building energy efficiency (Yang et al, 2013;Kiluk, 2014) and somehow related fields (Zhang et al, 2009;dos Santos et al, 2011) have started to be developed.…”

“…The role of the developer undergoes a major change, being played by bank foundations and cooperative companies, while traditional PPP transactions in Italy were typically promoted and driven by general construction firms (Stanghellini and Copiello, 2011). Emerging stakeholders have in common the adoption of a venture philanthropy approach.…”

A Discounted Cash Flow variant to detect the optimal amount of additional burdens in Public-Private Partnership transactions

“…Investment projects concerning both private properties and collective infrastructures and facilities are ever more frequently carried out under the umbrella of Public-Private Partnerships (PPPs) [24] . This phenomenon is induced by several circumstances, such as the paucity of public funds intended to provide public goods and services at the urban-wide scale, as well as the will of public bodies to benefit from the entrepreneurial ability of private entities during the production process of the aforementioned goods and services [25] .…”

Achieving affordable housing through energy efficiency strategy

“…Comparative analysis of past partnership experiences highlights that, within Italian context, private promoters were mainly property investment companies or general construction firms, either domestic or from abroad, and occasionally foreign equity investees. At the same time, lending institutions, namely banking groups both national and overseas, were engaged in PPP transactions mostly as third party lenders (Stanghellini and Copiello, 2011). Now we are facing a different scenario.…”

“…Being mainly composed by public housing, furthermore lacking of public services to the community, the area was subject to an Urban Recovery Programme in the early twenty-first century (in accordance to Law 493/1993 and Piedmont Regional Law 18/1996). Such kind of programme is typical of negotiating PPP in Italy (Stanghellini and Copiello, 2011), where it has been introduced during the past quarter century, as a peculiar partnership model, in order to deal with issues relating to reuse of brownfields embedded into the urban fabric, or to rehabilitation of residential areas featuring social and physical decay conditions.…”