Public Private Cooperation in Sustainable City Development - The Case Study of Public-Private Partnership in Railway Station Area Regeneration Project

Degradation of urban areas is a typical problem of many cities. The activities included in the process of regeneration are aimed at solving the problem in its social, economic and urban planning dimensions. The city is a cultural space of different values, an area of business life and a product of planners and architects, therefore successful regeneration must result in better quality of life for the residents, stimulate the economy and restore spatial order. As the city stakeholders comprise local community, entrepreneurs and companies as well as the local government, public-private partnership and social participation should be regarded as essential factors of urban regeneration.The paper shows the dimensions of public private arrangements based on various models and their application in the process of urban regeneration, exemplified by railway area regeneration in the Polish town of Sopot and Australian town of Melbourne. Basic research methods include the methods of comparison, logical concluding, case study description and analysis of documentation. The results of the study can be useful for public real estate managers and private investors