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    Concession and lease or sale? A model for the enhancement of public properties in disuse or underutilized

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    Although in many European countries the enhancement of public properties constitutes a theme of primary importance in the current economic situation, almost never Public Administrations have appropriate skills to rationally evaluate the best modality of valorization. This paper develops and test an evaluation model to support decisions of Public Administrations involved in the identification of the best modality of enhancement (concession and lease or sale) of public properties in disuse and/or underutilized. The model can be applied to any type of public property, but this research is focused on religious cultural buildings in disuse, common in Italy both in big cities and in smaller towns. The assumption underlying the model is that, since the properties considered are complex buildings, generally characterized by large dimensions, the form of bilateral monopoly market is always verified. The application of the model to three concrete cases, concerning religious buildings in disuse located in different areas of Southern Italy, shows that the model is a tool of simple use, exportable in any territorial context. The paper must be attributed in equal parts to the author

    The Break-Even Analysis applied to urban renewal investments: a model to evaluate the share of social housing financially sustainable for private investors

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    In this work an evaluation model to support Public Administration decisions in planning urban strategies that aim to involve private investors has been developed. Considering the unfavorable economic climate, any territorial transformation can be realized only if the public needs meet the financial feasibility of the initiative. For this reason the model allows to define i) the maximum amount of subsidized housing to be realized by the private investor; ii) the administered selling price to be applied. The model has been developed translating in the field of urban planning the Break-Even Analysis, a tool borrowed from the marginal economic theory. It is applied to a real case study concerning the urban renewal of an unused area located in a city in southern Italy. The outputs obtained confirm the potentialities and the user-friendly configuration of the model
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