Impact of improving the attractiveness of town centres

Abstract

The process of improving the attractiveness of town centres is by nature more complex than simply improving, for example, everyday commuting by public transport. Drawing on knowledge from a variety of fields this paper will propose a ranking scheme to indicate the economic and other effects of improving the attractiveness of town centres including the introduction of town centre management and pedestrianization. The ranking scheme is applied to six Swedish town centres. The aim is to provide a richer framework on which to base predictions of the effect on property values of the suggested improvements. The results may form a background for more elaborate policy decisions. Sweden implemented schemes, which included pedestrianization, for improving about 50-60 Swedish towns. The more extensive an improvement scheme the more substantial is its positive effect. The most important aspect has turned out to be pedestrianization and the subsequent improved accessibility.

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This paper was published in Research Papers in Economics.

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