Core Viewpoint - Urban renewal has become a key focus in city work, with significant government initiatives aimed at transforming outdated residential areas into livable, resilient, and smart communities [1][21]. Group 1: Urban Renewal Initiatives - The Central Urban Work Conference in July emphasized urban renewal as a crucial strategy for current and future urban development [1]. - The State Council issued guidelines in May to promote sustainable urban renewal, focusing on the renovation of old residential areas, particularly non-standard housing [1][21]. - The renovation of aging residential complexes is a pressing issue that affects many households, as these buildings often suffer from outdated infrastructure and lack essential amenities [1][2]. Group 2: Challenges in Implementation - In Yichang, a significant number of old buildings, particularly in the Gezhouba area, require urgent renovation, with 6,421 buildings and 30,300 units identified as needing attention [4]. - The traditional real estate development model is not suitable for these renovations, leading to the adoption of a "demolish and rebuild" approach as a key solution [1][8]. - Residents have expressed confusion and dissatisfaction regarding the funding model, where they are required to contribute financially despite the presence of government support [6][9]. Group 3: Innovative Approaches - The "demolish and rebuild" model allows for the reconstruction of buildings on the same site, enabling residents to upgrade their living conditions without the traditional compensation model [8][19]. - A cooperative model has been established, where residents contribute one-third of the costs, with the government and enterprises covering the remaining expenses [6][10]. - The establishment of a "cooperative renovation association" has empowered residents to take an active role in the renovation process, ensuring their voices are heard in decision-making [10][17]. Group 4: Project Development and Community Engagement - The project in Wangzhougang has seen a significant increase in resident participation, with a signing rate of 80% achieved through effective communication and community engagement [9][19]. - The renovation project has undergone multiple iterations to meet the needs of residents, with adjustments made to housing units and parking spaces based on community feedback [15][19]. - The cooperative model has been recognized as a successful approach, with similar initiatives being launched in other areas, indicating a growing trend in urban renewal practices across the country [21][23].