Contemporary urban renewal policies worldwide are often presented as “win-win” opportunities, benefiting not only public authorities and private developers but also all target populations. The study, using a Tel Aviv neighborhood as a test case, challenges this prevailing idyllic perception by evaluating the social, economic, and physical outcomes of urban renewal at the household level, according to three tensions inherent in any residential urban renewal project. The research findings, outlining the urban renewal matrix—that is, the costs and benefits of urban renewal for various residents—reflect a complex reality with positive and negative consequences for different resident groups. Although urban renewal has significantly improved the housing conditions and surrounding environment, and although it promises some residents substantial future financial gain, it has also created a divided community, imposed pronounced affordability burdens that expose disadvantaged residents to economic displacement, and has not adequately adapted transportation and education services to population growth and residents’ expectations. At a time when urban renewal is no longer a matter of choice, understanding the urban renewal matrix may help planners and policy makers bring the renewal process closer to its stated goals of improving the quality of life and encouraging the social mobility of disadvantaged populations.
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