Review article

The paper presents the analysis results of the implementation of the target program «The development of built-up areas in St. Petersburg», which was launched in 2008 and is to be completed in 2019.The implementation of the program is considered from the point of view of the participants in the process - the city authorities, investors and residents of these territories. It is stated that the participants in the program of the development of built-up areas were faced with difficulties impeding the implementation of reconstructive measures. In the course of analysis of the encountered problems, there was revealed a necessity for legislative changes, both at the federal level and at the city level. The ways of solving problems are offered, which would allow effectively reforming the current system of organization of built-up areas` development projects.