Estimating The Economic Benefits Of
Redeveloping The Former
Athens International Airport
Author(s)
D. Damigos & E. Laliotis
Abstract
This paper illustrates the results of a survey carried out in order to evaluate two
alternatives suggested for the redevelopment of the former Athens International
Airport, a project known as \“Hellenikon Metropolitan Park”. The first plan
provides for a mixed-use park involving both green areas with cultural, sports
and leisure facilities and commercial uses that will offer a financial return. The
second plan proposes solely the development of a green park with light
recreational facilities. In order to examine the situation from a social point of
view, the effect of the proposed plans to the property prices in the surrounding
area is examined by means of the Fuzzy Delphi Method. The results indicate that
although both plans will positively affect the price of dwellings in a similar
influence zone, the second plan will create a premium almost 60% higher,
compared to the first one. Although a clear answer can only be obtained through
further research, the findings could be used in order to justify the evaluation of
the proposed land-use alternatives.
Keywords: Fuzzy Delphi Method, property values, brownfields redevelopment,
urban green areas.
1 Introduction
Since the mid-1980s, there has been a growing recognition that brownfields (i.e.
former industrial sites, airports, railway stations, etc.) should not be solely seen
as a problem (e.g. due to pre-existing historic contamination) but also as an
opportunity for enhancing local development in a sustainable manner. The
policies implemented so far intend primarily to lessen the costs and risks
Keywords
Fuzzy Delphi Method, property values, brownfields redevelopment,
urban green areas
Related Book
Other papers in this volume
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