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Abstract The post-industrial stage of development determined a significant reduction of the importance of industrial production, which led to restructuring the economy. An active process of revaluation has begun – reassessing the value of industrial heritage and finding options for its further use. Kryvyi Rih is the most powerful industrial center of Ukraine and despite the fact that the industry is in an active stage of operation, the issue of diversification of the city’s economy and further transformation of industrial facilities is raised in a timely manner. The tasks of this research are theoretical analysis of the concept of revitalization”, the essence of this process, the study of practical experience of revitalization in Ukraine and abroad, the result of which should be an analysis of prospects for the implementation of this process in the industrial heritage of Kryvyi Rih. The analysis of the possibilities of Kryvyi Rih industrial heritage revaluation was carried out through the prism of an interdisciplinary approach based on research in architecture, ecology, economics, geography and culturology. Disclosure of this issue took place at two levels of research: theoretical and empirical. Theoretical research was based on the use of general scientific systems approach, analysis and synthesis, structural-functional analysis, comparative analysis, modeling methods, design, SWOT and PEST-analyzes of the probable effectiveness of revitalization in Kryvyi Rih. Empirical research was expeditionary methods, observations, the method of field visual inspections. The study has structured the concept of “revitalization”, revealed promising areas of industrial facilities revitalization. The world tendencies and the best national examples of transformation of industrial territories into various innovation spaces have been analyzed. An assessment of the potential of the city’s various objects in terms of revitalization opportunities has been given. Conceptual models of creation of the Industrial Culture Park “SHAKHTA” on the place of the preserved mine “Artem-2”, and also industrial and landscape park on the place of Burshchitsky dump have been prepared, futuristic possibilities of their use in the tourist activity have been allocated. Intensification of efforts of specialists in various related fields to ensure the sustainable development of the urban environment of old industrial areas is the key to a qualitative revival of industrial spaces, harmonization and ecological optimisation of the former industrial environment, solving a number of socio-economic problems.
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