Publication detail

Economic evaluation of former chemical industrial school revitalization for creative and artistic studios

SABO, J. HROMÁDKA, V.

Original Title

Economic evaluation of former chemical industrial school revitalization for creative and artistic studios

Type

article in a collection out of WoS and Scopus

Language

English

Original Abstract

The paper is focused on the issue of the economic evaluation of former chemical industrial school revitalization. Buildings located in Bratislava, the capital of Slovakia, were abandoned and was considered as a brownfield, so it was decided to revitalize the area. One of the key motivations was the desire to recover the abandoned area and bring new functions to the surrounding area together with the creation of a cultural program for the public. Revitalization started at 2016 and by 2017, building has been used by 120 creative and artistic studios and non-profit organisations, which makes it the largest creative centre in Slovakia. Since the launch of the cultural program by the end of 2019, it managed to hold more than 430 events with the participation of more than 80 000 people, while the program also includes various educational and awareness-raising activities, primarily focused for youth. This new area is called “Nová Cvernovka” and has become a successful example of a community-led project, which was made possible by the use of unnecessary self-government property and can serve as inspiration for similarly oriented projects and initiatives. Revitalisation was financed by the European Investment Fund, The Bratislava City and by private companies, which provided gross value of costs. Against this value of costs, the value of profit benefit and socio-economic benefits associated with revitalization is compared, so for the overall evaluation can be used the CBA analyse. Also lot of benefits are unable to analyse, because the project is still very young, so even greater benefits are expected in the future.

Keywords

Brownfield; CBA Analyses; Economic evaluation; Former chemical industrial school; Nová Cvernovka

Authors

SABO, J.; HROMÁDKA, V.

Released

17. 12. 2021

Publisher

Varazdin Development and Entrepreneurship Agency

Location

Varazdin, Croatia

ISBN

1849-7535

Periodical

Book Series: International Scientific Conference on Economic and Social Development

Year of study

2021

Number

76

State

Republic of Croatia

Pages from

308

Pages to

317

Pages count

10

URL

https://www.esd-conference.com/past-conferences

BibTex

@inproceedings{BUT175759,
  author="Jakub {Sabo} and Vít {Hromádka}",
  title="Economic evaluation of former chemical industrial school revitalization for creative and artistic studios",
  booktitle="Economic and Social Development, 74th International Scientific Conference on Economic and Social Development Development, Book of Proceedings",
  year="2021",
  journal="Book Series: International Scientific Conference on Economic and Social Development",
  volume="2021",
  number="76",
  pages="308--317",
  publisher="Varazdin Development and Entrepreneurship Agency",
  address="Varazdin, Croatia",
  issn="1849-7535",
  url="https://www.esd-conference.com/past-conferences"
}