Browse Tag: subsidy

Trickle-Down Fails The Urban Renewal Equation, Too


English: View of the Warehouse District in Min...
View of the Warehouse District in Minneapolis, Minnesota along 1st Avenue.

In “More Losers Than Winners In America’s New Economic Geography,” Atlantic Cities Editor Richard Florida faces a fundamental problem in urban planning and commercial real estate.  The active attraction of the affluent and educated to a city’s central neighborhoods has long been touted as an economic cure-all for cities more broadly. The premise was that these high-tech high-education worker enclaves would  cause the surrounding rings of neighborhoods to experience follow-on benefits of price stabilization and heightened quality of life.

Continue Reading