bankruptcy

Detroit Bankruptcy: Missing the Point

Nobel Laureate Paul Krugman tells us that “sprawl killed Detroit” in his The New York Times column.

The evidence is characterized as “job sprawl” – that a smaller share of metropolitan area jobs are located within 10 miles of downtown Detroit than in the same radius from downtown Pittsburgh (see Note on Decentralization and “Job Sprawl”). It is suggested that this kept the city of Pittsburgh out of bankruptcy.  read more »