Gelsenkirchen can be read as a seismograph of structural change and as a city of simultaneities. Nowhere else in the Ruhr region do the social, spatial, and fiscal effects of postindustrial transformation converge as clearly: social disparities, structural vacancy, investment deficits, and constrained municipal capacity. At the same time, substantial potentials become visible: streets of historic building stock, established neighborhoods, an engaged civil society, and a diverse, comparatively young population. What appears as deficit from one perspective opens, from another, possibilities for spatial appropriation, cooperative urban development, and common-good-oriented transformation. The existing built fabric thus becomes a resource for affordable housing, urban coproduction, and creative development and innovation.