The land readjustment (LR) method has been compared to traditional urban renewal models' substantial potential in fulfilling specific functions, e.g., land assembly, self-finance, the protection of social capital, and results in a certain time. However, there is limited information on the use of LR in urban renewal areas. For example, it is not known how suitable LR is for renewal of inner city areas or whether LR can be a remedy to the problems in urban renewal. This paper answers these questions by focusing on Turkey. The paper is based on discussion and comparison of the existing approaches in fulfilling specific functions in urban renewal, and the compatibility and contribution of LR to the framework. The result reveals that a private initiative (landowner associations or cooperatives) LR model can be a suitable instrument for urban renewal in Turkey. © 2010 Elsevier Ltd.