Open Access Conference Proceedings

The industrialization and urbanization conducted without respecting the rules of the environment has led to the destruction and degradation of many areas. The need of their revitalization especially in industrialized regions is a very important social and economic problem. One of the regions characterized by a large area of degraded land is Upper Silesia (Silesian Voivodeship). The project of the Regional Revitalization Operator, developed by a consortium of scientific research institutions, is oriented towards the development of extractive waste. The purpose of the study is to present the model, its structure, functions, objectives and tasks. In particular the financial aspects of the planned project are presented. The condition of the areas requiring revitalization, which constituted the potential of the supply of orders to the Operator, was examined. Equity financing based on the sale of revitalized land to investors was also characterized. The sources and instruments of external financing were also analyzed. They can come from both the state budget, EU funds and mining communities. Commercial financial instruments, which may constitute a component of the financing engineering of the Operator, are also presented.

Keywords: business model revitalization, revitalization operator, post-industrial brownfield sites

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