ABSTRACT
In cities across the world there is a renewed investment in and population movement into central cities. It is a process changing the social geography of the city as the affluent flock to the center and the poor are displaced to the periphery. At the heart of the process is the revalorization of space and time. The revalorization or urban space involves the reevaluation of urban space and the reconsideration of older properties. The revalorization is occurring in part because of a range of spatial opportunities afforded by the shift from industrial to postindustrial. An important feature of the urban resurgence is a reappraisal of the past. There are strong economies of agglomeration because an increase in knowledge, creativity and innovation is generated when people live and work closely together. Behind the demand for a central city location is a revalorization of time.
