DECODING GOVERNANCE SCHEMES FOR HISTORIC CENTERS: AN EVALUATION OF PAST STRATEGIES AND CREATION OF FUTURE PATHWAYS

The Inter-American Development Bank (IDB) is an international financial
institution serving as the largest source of development financing for
Latin America and the Caribbean. The Dominican Republic government
approached the IDB to explore improvement strategies targeting Santo
Domingo’s government schemes that directly impact urban renewal and
historic preservation projects. The Capstone team collaborated with IDB
on developing a comprehensive approach to analyzing, evaluating, and
monitoring project management and collaboration between government
agencies. Through a case study methodology, the team conducted an
extensive literature review of historic city centers globally, emphasizing
policy structures and financial management systems in successful and
unsuccessful project implementations. The team's final deliverable
encompasses a presentation that showcases a qualitative synthesis of Santo
Domingo’s past-to-present state of urban development and preservation
initiatives. It closes with curated short- to long-term recommended tools
and mechanisms addressing inter-institutional coordination, financial
management, and cross-governmental collaboration.