A systematic analysis of benefits and costs of projects for the valorization of cultural heritage

In the selection phase of the projects to be implemented through the support of EU funding, different solutions are frequently evaluated by the decision-maker through cost benefit analysis. This chapter explores some methodological and operational aspects of this valuation technique with specific reference to initiatives aimed at enhancing the cultural heritage in historical centers. Therefore, the preparatory phase to the implementation of cost–benefit analysis is discussed in terms of identification of the economic impacts (positive and negative) generated by projects for the valorization of cultural resources; at the same time, the procedures best suited for the estimation of the input and output terms ordinarily connected with the interventions on historical and architectural heritage are classified and explained. The study developed represents useful technical support for operators who are preparing to plan and evaluate interventions for the redevelopment of cultural heritage.