Since its establishment in 2003, the Mandela Bay Development Agency (MBDA) has strived towards promoting urban renewal in the Port Elizabeth CBD through various construction projects in the Central area. Beyond its involvement in urban renewal, the MBDA has also been instrumental in the redevelopment of the Uitenhage CBD, the upgrading of Kings Beach (Humewood) and the revitalisation of Helenvale. These projects, which over a ten year period were valued at over R 450 million, have had significant positive benefits on the surrounding areas both in terms of private sector investment and employment creation.
As the principle initiator of these projects, the MBDA has sought to quantify the impact that these capital investment projects have had on the respective areas. In order to achieve this, the MBDA undertook to develop an economic barometer which could be used by the agency to:
1) Measure the impact of the upgrades on business activity
2) Asses what impact the upgrades have had on people’s perceptions of the targeted areas
This economic barometer had two components namely a formal economic impact assessment for the various projects undertaken by the MBDA (i.e. Govan Mbeki and Parliament Street upgrades, Strand Street redevelopment etc.); and two distinct surveys administered to businesses and residents in the various areas where projects had been undertaken.
These surveys and impact assessments were initially undertaken over a three-year period (2009 – 2011), the objective being to, firstly, create a baseline data set and subsequently to assess any resultant residential/business perception trends due to the MBDA’s interventions. Following this three-year period, the MBDA has again undertaken to assess the impact of their various interventions, with the intention of comparing the initial results recorded between 2009 and 2011, with the 2013 to 2015 period. The following summary document seeks to:
1) Present key outcomes from the 2015 survey and compare and contrast to the results recorded between 2009 and 2011 as well as between 2014 and 2015
2) Focus on those areas where the MBDA has undertaken upgrades to the built environment (i.e. Central, Uitenhage, Kings Beach, Helenvale)
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