Regeneration of inner city, functional and physical transformation.
The paper takes the example of central Smíchov in Prague to study transformation of the traditional industrial inner city neighbourhood into a modern urban centre. From the theoretical point of view we interpret the ongoing changes as a combination of the general deindustrialization trend and the locally specific post-socialist political and economic transition. Recently, central Smíchov experienced a dramatic physical and functional regeneration. However, some areas stand aside this dynamic development. Dilapidated physical environment and concentration of poor residents and low-profit functions characterize the zones along transport-intensive communications. To achieve a balanced development of central Smíchov, it is important to maintain the existing functional diversity and to preserve particular identity of this place derived from its industrial history.