The need for renovation of abandoned industrial facilities and territories is relevant for all industrially developed areas around the world. An idle industrial area entails a number of environmental and social problems. The easiest way out, if necessary, to solve the situation with abandoned industrial facilities is to demolish old structures and plan the construction of new buildings and structures. Renovation is an alternative solution. It is a modern and effective approach to the adaptation of abandoned industrial facilities. The author provides the justification and consideration of ecological and economic aspects in the renovation of industrial heritage. The organizational and financial plan of the project to create a creative cluster as part of the renovation of the former ironworks in the city of Sysert in the Sverdlovsk region was drawn up. Based on the calculations performed, the indicators of the ecological and economic efficiency of the project were obtained.