city centre revitalisation targets versatile aspects

Besides, Wagner et al. (2013) point out that the city centre revitalisation targets versatile aspects and should not only be focused on the business and infrastructure development but also take into consideration the Human Capital Investment approach aiming at the improvement of skills and knowledge of the population. The major social disadvantage of the revitalisation is the necessary displacement of the city centre residents who are mainly represented by the low-income families, racial minorities because the housing prices are likely to increase because of the active investment (Moses & Gale 2001)