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Renovation is seen in the context of an urbanist as a form of large-scale dispersed urban space reorganization. To date, in countries with developed economies, the share of renovation works has increased in the structure of construction from 35% to 60%. In this article, the content of the main stages of renovation is detailed: the definition of the scope, planning, financing and implementation. The article reflects the experience and tasks of the Moscow Government on the renovation of the quarters of the existing buildings. Since the city renovation projects are aimed at achieving the optimal combination of social, residential and commercial functions, the complex reconstruction of the city has noneconomic and economic effects. Varying the key parameters influences the calculation of the project economy. The most economical indicators of the project depend on the coefficients of renovation and relocation, the cost of construction and the price of sales. To increase the additions in Moscow budget and other economic effects from the project implementation, it is necessary to increase the renovation ratio and the selling price and/or reduce the construction cost and resettlement ratio.

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