The Guidance of Public Value in China’s Historic Environment: Research on Regeneration Strategies Using Taiyuan’s Bell Tower Street as an Example

When profit-driven renewal is difficult to implement, many historic districts in China become “frozen” under protection. In the recent social context of “building cities for the people”, public value-oriented renewal of urban historic areas has become crucial in city transformation. This study investigates strategies for historic district regeneration in China by integrating spatial form, urban governance, and public value. We propose a novel framework to analyze the regeneration of historic districts, using Taiyuan’s Bell Tower Street as a case study. The framework distinguishes between two dimensions: spatial and economic–social. In the spatial dimension, we focus on the transformation of spatial form to regenerate public value, emphasizing the attribute of “publicness” as central to urban regeneration efforts. This involves a tiered approach to excavating and upgrading historic districts at macro, meso, and micro levels. The economic–social dimension explores urban governance to enhance public value through collaboration between government, market, and societal actors. This study employs a mixed-methods approach, including document reviews, interviews, field observations, and statistical data analysis. The analysis highlights that a public value-oriented approach to heritage regeneration can balance historical preservation with contemporary urban needs, offering a sustainable model for other cities.