Urban regeneration is an approach to city planning to repair the social and economic problems of an urban area, improving the physical and environmental aspects of the city, as well as the buildings. Urban renewal aims to transform obsolete or blighted areas into economically productive areas of a community.
So what does urban regeneration mean in practical terms? It means an overall plannings and vision for cities oriented towards energy efficiency and social inclusivity. It is designed to bring back underutilized assets and to redistribute opportunities, increasing urban prosperity and quality of life, however these initiatives are complex, lengthy and run the risk of gentrifying private space or privatizing the public one.