Public space in private perspective: Een verkenning van de randvoorwaarden en mogelijkheden bij privatisering van de openbare ruimte

Privatization of public space has some immediate commercial purposes. Buying the right on return on the way the urban space is maintained and managed can be profitable to private parties when an area accommodates many (permanent) commercial and/or residential users in combination with little public space. When there is little profit, private parties can choose to transfer their authority and the risk (partially) by establishing an association or foundation. The establishment of such an organization means that profit cannot flow to the initial private stakeholder. On the other it means the creation of a selfreinforcing mechanism that enables direct local re-investment of revenues from indirect value capturing. The establishment of a foundation or association could be a condition for municipalities contributing to private maintenance and management of public space. In some cases, privatization can lead to a profitable situation for all stakeholders: the private owner, the (local) government and the permanent residential and commercial users.Real Estate ManagementReal Estate & HousingArchitectur