Regeneration refers to in the investment of capital in the revival of old and declining urban areas either by improving what is left behind or clearing away and rebuilding. Often it may be accompanied by reimaging to change the dominant perception of an urban area. Such regeneration efforts can be seen in the town of Syracuse in New York. Between 1970s to 1990s, it started to experience urban decline. Economic decline happened as a result of deindustrialisation. As Syracuse was previously the largest manufacturer of bicycles and typewrites, technological advancement has led to deindustrialisation and massive unemployment. 6000 people were retrenched from 1964 to 1984 and 9000 from 1984 to 1989. In addition the population was declining with…show more content… The population decline of Syracuse in 1990s slowed down to a 3.7% decline
Regeneration has helped to counteract the urban decline in Syracuse as through its strategies, the economy of Syracuse picked up again. However, this project largely dealt with potential investors outside the city and was done mostly by the authorities and private firms without the involvement of business owners or individuals. Thus they might not accept this project whole-heartedly and will not be participative. In addition, one of the flagship projects, The Galleries was a failure as it failed to lure retailers since there was a domineering Carousel Mall. No private firms wanted to buy leaving it in a state of decline.
Through flagship projects, a declining urban area can be successfully revived. Flagship projects are development that is extensive and substantial with regard to the cost and parties involved. Flagship projects can serve an economic and symbolic function to the area and can help to kick starts the regeneration of the area. They acts a economic magnets to attract people, spending and jobs. A successful flagship project was seen in the case of the London Docklands. The London Docklands were previously associated as an area of poverty and the use of casual labour in the docks. Men were engaged in dangerous and unpleasant work. Following the discovery of new sea travel routes and restructuring of the UK’s economy, the docks were no longer a place of significant