Economics

Governor Gavin Newsom has canceled the bulk of the state’s long-proposed high-speed line between Los Angeles and San Francisco, leaving only a tail of the once-grand project—a connection between the Central Valley’s Merced and Bakersfield, not exactly major metropolitan areas. “Let’s be real,” Newsom said in his first State of the State address. “The project, as currently planned, would cost too much and take too long. There’s been too little oversight and not enough transparency.”  read more »

High speed rail may be proposed as a climate change panacea here and elsewhere, but the results on the ground are less than promising. California Governor Gavin Newsom announced this week that the California high speed rail project would be scaled back to the route between Bakersfield and Merced, in the San Joaquin Valley (which the state has enough money for). In his “state of the state” speech the Governor said “…let’s be real. The project, as currently planned, would cost too much and take too long. There’s been too little oversight and not enough transparency.”  read more »

Virtually everyone, including Gov. Gavin Newsom, is aware of the severity of California’s housing crisis. The bad news is that most proposals floating in Sacramento are likely to do very little to address our housing shortage.

Newsom has promised to have 3.5 million homes built over the next seven years to solve the problem. That is, conservatively stated, more than 2.6 million that would be built at the current rate of construction.  read more »

Last week I was fortunate to be a part of a fantastic symposium, called Policies to Promote Inclusive Urban Growth. It was held in Dallas at the George W. Bush Presidential Center on the campus of Southern Methodist University, and the event also served as the public release of a report which I worked on, Beyond Gentrification: Towards More Equitable Urban Growth, published by the Center for Opportunity Urbanism (If you get a chance I encourage you to check out the video of the event, found at the first link above). The report took a look at recent development activity and their impacts in three very different cities: Chicago, Los Angeles and Dallas.  read more »

We may live amidst what seems a libidinous culture, but oddly also an increasingly sexless time. Of course, the drop in early teen sex - and even more so, teen pregnancies - represents positive developments, but when lack of social interaction leads to celibacy in the twenties, thirties and beyond, the implications are less than wholesome.  read more »

In San Francisco, the former site of the Hunters Point shipyard is now being developed with over 10,000 units of housing, 2.6 million square feet of office and R&D space, and about a half million square feet of retail. The project will also include about 75,000 square feet of maker space, or less than 1% of the total building area, most of which will probably go to artisanal firms making food, fashion and furnishing, things like beer, bread and bicycles, sold to the upscale consumers of the region.  read more »

The Trump uprising, with a renegade capitalist serving as the tribune of the forgotten working class, appears headed toward an inevitable denouement. Trump’s intemperance, jingoism and lack of political skills have undermined the GOP’s ability to reach beyond its base in the South, the exurbs and parts of middle America.  read more »

In their essay, "Looking Forward: A New Agenda," Joel Kotkin and Wendell Cox lay out five key principles for inclusive urban growth. Their piece is part of a new report by the Center for Opportunity Urbanism, Beyond Gentrification: Towards More Equitable Growth, which explores how unbalanced urban growth has exacerbated class divisions, particularly in the urban centers of our largest's metropolitan areas. To read or download the full report click here.  read more »

The Dallas-Fort Worth area has experienced stunning growth, however Dallas remains one of the most economically and segregated cities in America. Through eye-opening data and pointed solutions, Cullum Clark argues that Dallas can become a national leader in reviving upward mobility in his essay, "Gentrification in Dallas".  read more »

A new report by the Center for Opportunity Urbanism, Beyond Gentrification: Towards More Equitable Growth, explores how unbalanced urban growth has exacerbated class divisions, particularly in the urban centers of our largest's metropolitan areas. To read or download the full report click here.  read more »