In order to revitalize the declining areas in the inner city, the local government commences to improve physical environment, economic competition and quality of life by urban redevelopment strategies. Yet the strategies in Taiwan only emphasize the physical improvement and lack the policy mechanism to evaluate the achievement of the redevelopment program. Therefore, in the paper the indicator system is established to help evaluate the implementation of policy so as to achieve the goals of urban redevelopment and to decide the priority of public investment.
There are several urban redevelopment theories from different aspects reviewed in the paper, including the compact city theory related to urban physical environment form, the capital accumulation and regime theory related to political-economic perspective, and the interaction of the government sector, economic system and communities in the process of urban redevelopment. Based on the theory research, urban redevelopment would be found as a comprehensive context with social, economic, physical and political aspects. According to the multi-aspect of the urban redevelopment, the outcome of the study is demonstrated as 12 goals of urban redevelopment and 36 evaluation indicators. The paper incorporates the opinions of specialists into structural evaluation and indicators based upon Delphi method and Fuzzy Analytic Hierarchy Process method with further calculation to display relative weights among each indicator. The highest weight of aspect is economic aspect, the second is environmental aspect, the third is social aspect, and the last is political aspect. Therefore, the conclusion of the weight calculation in the paper shows that the urban redevelopment policy is primarily economic-oriented, and then improvement of industry investment and living environment will be considered. Social network and culture capital will be the third aspect combining in the process. Finally, the benefit of the different groups and the redistribution of the resources will be the last to be considered. These indicators could be applied to evaluate the performance of the urban redevelopment policy as reference of the decision-makers.