Historic Centers Need Clear Rules to Attract Investment, Says Expert

The revitalization of historic urban centers is a complex undertaking that demands more than just good intentions; it requires a robust framework of clear planning, unwavering institutional continuity, and well-defined regulations to successfully attract private investment. This perspective comes from Peruvian architect Luis Martín Bogdanovich, who heads Lima's historic center recovery program, Prolima. Invited to Paraguay to share his insights on the recovery plan for Asunción's historic center, Bogdanovich stressed that the process begins with a decisive political and technical commitment to delineate these special areas. He highlighted that Lima's designation as a National Heritage site in 1972 and a World Heritage site in 1991 laid the groundwork for Prolima's establishment in 1994. Bogdanovich underscored that these declarations are not merely symbolic; they necessitate concrete regulations and strategic planning for interventions in areas of natural, cultural, and patrimonial value, all of which depend on sustained political backing. He asserted that the clear path forward involves meticulous planning and persistent execution through continuity, citing Prolima's Master Plan to 2029, with a vision toward 2035, and its unified administration regulations as the cornerstones of Lima's ongoing development. The expert's advice is particularly relevant for Asunción as it embarks on its 'Asunción 500 Years' project, aiming to revitalize its historic core by 2037, the city's 500th anniversary. Bogdanovich's emphasis on a dedicated 'organ of application'—an institution capable of maintaining leadership and work beyond governmental changes—is crucial for ensuring that such ambitious urban renewal projects achieve lasting success, drawing lessons from successful models in cities like Quito, Cartagena, Panama, and Lima.

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The revitalization of a historic center requires planning, institutional continuity, and clear rules, as well as a state capable of generating conditions to attract private investment.