Metropolitan cities in Turkey have been re-organized to play a significant role for global capital as result of the neoliberal process after the 1980s. Consequently, the spatial structure has also undergone a change and transformation. Localization, which is an indispensable part of Turkey integration process into the global capital through cities since the 2000s, has been determinant in setting up the basic policies to govern the ongoing change and transformation of metropolitan cities. Like many countries, the construction sector has been purposely supported used as a political tool for the development of macroeconomics in Turkey as well. In this regard, direct and indirect public infrastructure investments, legal and administrative arrangements, simplification of planning and zoning, and decentralization, deregulation and re-regulation of the state have all been used as steps taken to overcome the obstacles against acceleration of the accumulation rate. Urban regeneration practices, as spatial constants facilitating the accumulation strategy aimed at the commodification of space, became the key tool in planning practices while the authority of zoning and planning was transferred to local ad- ministrations to a great extent. Decentralization became the central strategy that paved the way for public-private cooperation. As an example of this strategy in Bursa, the authority for approval of the buildings at risk was transferred to Bursa Metropolitan Municipality. The main purpose of this study is to reveal the effects of this shift in authority upon urban space in Bursa. In this context, the method to be followed in the study is to determine the parcels with risky buildings and to analyze the data on the approved plan amendments within the scope of periodic, spatial distribution and concentration trends and their impact upon urban space. The findings obtained in this study reveal that the process of liberalization and deregulation of planning and zoning processes through the empowerment of local authority to loosen the barriers to capital within the scope of neoliberal policies has led to loss of public benefit in urban regeneration practices, while focusing on economic expectations and decreasing urban living standards as it mostly takes place in areas not requiring emergent intervention.