Assessment of the Implementation Path of Urban Renewal from the Perspective of Interest Coordination: A Case Study on Guangzhou Urban Village Redevelopment

During the processes of stock land redevelopment, appropriate profit allocation is key to promoting the implementation of urban renewal. Meanwhile, its intricate, multi-participant interest games tends to obstruct the progress of urban renewal programs. Many scholars have studied the various types of interest conflicts among different stakeholders, their game models, and cooperation patterns of urban renewal. However, studies on how to effectively coordinate the diverse demands of multiple stakeholders and solve the problems of profit allocation management derived from the land value increments in different urban renewal stages are insufficient. By reviewing the development of Guangzhou urban renewal policies and their impact on the profit allocation pattern in practices during the past decades, this study clarifies the intrinsic interrelationships among the interests of local governments, investors, and original owners in urban renewal, as they struggle to maximize their benefit. Using Guangzhou urban village redevelopment as an example, this study summarizes the interest concerns and difficulties in urban renewal implementation in terms of value orientation, identification of rights and interests, and management system. Simultaneously, it proposes an innovated urban renewal implementation path of interest coordination based on public priority, profit sharing, co-planning, and co-management. In the coming reserve planning era, to progress urban renewal programs, not only the financial balance but also other comprehensive impact factors should be well-considered. Further studies on multi-dimension and whole-process implementation path of urban renewal in the field of interest coordination could make the planning decisions and working scheme more feasible, which promote urban regeneration