Assets of Place include anything that contributes value to a place (or could do so). They include:
Existing local assets are brilliant building blocks for community-led projects. Placemaking that focuses on local assets creates a positive narrative around the strengths of the place. It’s an approach that is aligned with Asset-Based Community Development (ABCD) and is opposite to needs-based approaches.
Whether or not the potential assets of place remain fragmented or contribute value depends on the levels of connection and trust between the community of place – the social capital. This is why any placemaking efforts should strive to build those hyperlocal connections. It enables the whole to be more than the sum of the parts.