Public and private interests in urban regeneration programs: The case study of trieste historic centre

This paper focuses on the evaluation of the economic aspects related to urban transformations, with particular attention to the relationships among the different interests involved. Starting from the application of the Discounted Cash-Flow Analysis, the study investigates public and private perspectives in the development of the regeneration of the historic center of the city of Trieste (Italy). Different scenarios are considered and evaluated from the point of view of the public and private convenience considering the Internal Rate of Return and the Net Present Value indicators. The final results are also verified by means of specific sensitivity analyses that allow the validity of the proposed model to be tested.