2018 Volume 8 Pages 159-167
Since sustainable development can only continue when accompanied by stable financial income, the purpose of the article is to introduce a way of operating an urban lake restoration program to bring about a vast and stable financial income. This article uses the case study of the Chu River Han Street (CRHS) program in Wuhan, China, as an example. To prove that the program is valid, economic data from multiple sources were abstracted and were analyzed to determine the impact of this program on the local economy and to reveal potential future changes. In addition, this article briefly introduces the cooperation mode applied between the Wuhan government and Wanda Group. This cooperation model plays a key role in operating the CRHS program, indicating that the private sector can be helpful in maintaining the economic stability of urban river restoration. However, the program will still require additional urban planning as well as the cooperation of other real estate companies in the surrounding area. This result brings to light a new point of view about how and when the private sector should become involved in an environmental program.