Added Value through Renovating Urban Worn-out Structures: An Opportunity for Sustainable Revenue

Sustainable financing for the municipalities has always been among the concerns of Iran’s urban managers. Disregarding all urban elements has resulted in ignoring many of the important revenue resources. Among all, the urban worn-out structures are considered potential revenue resources for the municipalities. Implementing urban developmental plans is one of the effective factors in increasing the value of lands and properties in and around the plan site. The plans for renovating worn- out structures have positive effects on the increase in the value of properties and the lands. Hence, it is claimed that the renovation of such structures may pave the way for the municipalities to obtain even more revenue. The current paper takes a practical approach to the issue and has utilized descriptive-analytical methods. The data has been collected through library research. The results show that the renovation plans have positive effects on the added value of the properties in and around the plan sites. Utilizing the value added, the municipality may rely on an important revenue resource. In the areas around the worn-out structures of metropolis of Tehran, revenue resources resulting from renovation added value are observed.