Uroš Radosavljević, Aleksandra Đorđević, Jelena Živković

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Urban regeneration and economic development in the context of competitive global markets and impacts to Serbian cities represent challenges calling for new responses for transformative action in urban governance. Policy-makers understanding of that relation may contribute to suitable use of policy instruments for creating good business environment in cites. Business improvement districts (BIDs) represent possible model used as a management instrument for fostering local economic development, city promotion and improving the quality of urban public space and life. The paper presents theoretical approaches of policy instruments use and sets recommendations for management of BIDs based on two cases of city center’s regeneration in Serbia. We argue that for BIDs to be a useful model for city center’s regeneration, an appropriate use and combination of regulatory, economic and informational management instruments is necessary.

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