4.3 The Transformation Project of Shanghai Xintian...
Shanghai Xintiandi renovation project is a typical case in the field of urban renewal.It is also a case worthy of reference and example in the industrial heritage reconstruction project.The project is located in the Taiping Bridge area of Shanghai City,with much old Shanghai Shikumen architecture,where many foreign pubs,dining halls and so on operate,is also an important residential area.The district government has fully consulted with the enterprises responsible for renewal and transformation,and developed commercial projects on the premise that the enterprises guarantee the construction of historical and cultural protected areas first.The main difficulty is to maintain the balance between the original Shikumen architecture and the innovation and development.In urban renewal and development,huge cost is the primary problem.Through cooperation with private enterprises,the government not only transfers the high development and protection costs to enterprises,but also obtains financial revenue through the transfer of the right of land use.Through cooperation with enterprises,the government fully mobilizes market funds to participate in the initiative,but at the same time,to a certain extent,it also effectively protects cultural heritage such as historical buildings.(https://www.daowen.com)
The project of Xintiandi is exactly like the PPP mode,that is,the cooperation between the Luwan District government and Hong Kong Ruian group and a state-owned background enterprise.State owned enterprises account for only a small part of the investment project.[22]In this mode,the government can cooperate and communicate with the main developers in an all-round way,thus participating in the whole project.On the other hand,the enterprises have gained confidence and strong support because of the government's participation in funds and the inclination of policies.