How Do Stakeholders Judge Success of Regeneration

Question 1

What does perception of success depend on?

Answer 1

Personal experience, age, media coverage, gender, stance towards change, personal connections/ attachments

Question 2

Public Sector

Answer 2

Includes MPs, Government officials, or regional and local councils

Used for any infrastructure or public service projects

E.g. Olympics, healthcare, HS2

Benefits: Provides services and infrastructure where they’re needed, not to make profit

Costs: Sometimes seen as slow with inaccurate budgeting

Question 3

Private Sector

Answer 3

Includes company directors, stakeholders and employees

Done when project leads to benefits such as increase product range/ profits

Costs: Serves the companies interest not the public e.g. VW scandal of 2015

Question 4

Olympics and Public Sector

Answer 4

Olympics was funded by public sector as it’s not done to gain profit, but to provide public entertainment

It’s also a major international event

Question 5

Westfield Shopping Centre + Private Sector

Answer 5

Funded privately as it provides the companies involved with profit and serves their interests