Abandoned industrial areas are targets for urban regeneration and new uses, such as shopping centers, offices and luxury housing. During the planning process and the search for investors, brownfield sites are let to temporary users. A wide range of artists, cultural entrepreneurs, small businesses and manufacturers settle
into the areas. Relatively low rents make the spaces attractive for such activities. Most owners welcome these tenants as they bring in reasonable income as well as investing in the rooms and infrastructure and improving the image of the area with musicals, theatres, etc. Hence,
planners, the public and social scientists paid little attention to the value and significance of the interim activities themselves. A recent research project has shown that more than forty percent of the enterprises in such areas belong to the creative industries. The rate of business start-ups is clearly above average and the impact
on the local economy is considerable. Innovative activities have a high presence, an avant garde emerges in cultural areas, and future expectations for businesses are good. The dilemma arises when these enterprises come under pressure
to leave when the plans for redevelopment and new spaces are ready. As the importance of creative areas for the life and future of a city is now being recognized, the ‘straight’ path to redevelopment is being reconsidered. Alternative pension funds seem to be one way out of the dilemma.