My latest article is online in City Journal and is a look at the restoration and reopening of the High Bridge in New York City. Part of the original Croton Aqueduct system that first brought plentiful clean water to New York, portions of the High Bridge are the oldest standing bridge in the city. Here’s an excerpt: read more »
In the last 25 years there has been a huge change in the level of competitiveness of smaller urban areas – by which I mean the small end of the major urban scale, or metro areas of about one to three million people – that has put them in the game for people in residents in way they never were before.
I recently gave the morning keynote at the Mayor’s Development Roundtable in Oklahoma City and talked a bit about this phenomenon, as well as how these generally younger and sprawling areas ought to be thinking about their future. read more »
Southern California faces a serious middle income housing affordability crisis. I refer to middle income housing, because this nation has become so successful in democratizing property ownership that the overwhelming majority of middle income households own their own homes in most of the country. read more »
Reihan Salam, often an insightful critic, argues in Salon that poverty has come to the suburbs at a higher rate than it has grown in big cities because poorer service workers have followed the service jobs required in the suburbs. This has caused problems. read more »
Real gross domestic product is growing at an anemic pace. Exports are down, and state and local governments are spending less. The consumer price index is falling in a condition known as deflation. Even national defense spending is down. Despite the bad news, consumer spending and home building are rising. Real disposable personal income is roaring ahead at growth rates of 6.2 percent in the first quarter of 2015 and 3.6 percent at the end of 2014. read more »
Australia’s inner city areas and CBDs are a focus of media and public policy attention, with good reason. But it’s also true that the real engines of employment are outside the inner city areas and that the dominant role of our suburban economy as an economic engine is grossly understated, even ignored. This is not good public policy. It’s not even common sense.
I have a view that the focus on urban renewal and inner urban economic development has become a policy obsession of late. read more »
Discouraging employment data have recently dampened optimism about America’s economic recovery. These challenges are nothing new for developed regions long beset by manufacturing decline amidst globalization. Exemplars of this trend, America’s rust belt cities have battled unemployment, decaying infrastructure, and social challenges since economic decline emerged in the 1960s. In response, some now cultivate service, knowledge, and tourism industries. read more »
President Obama, as a fan and occasional player of basketball, should know about “unforced errors.” Those are the kind of thoughtless, bonehead plays where you lose the ball without a defender swatting it or toss a pass somewhere into the higher seats. If you want to review how this is done, I recommend re-watching the recent Clippers versus Rockets series – if you have the stomach for it. read more »
In the May 11 issue of Finance and Commerce, Matt Kramer, a local Chamber of Commerce representative lobbying for additional public transit and transportation spending (currently being debated at the Minnesota Legislature) is quoted as saying “Every person who is riding transit is one less person in the car in front of us.” read more »
California is undergoing profound change. Most strikingly, people are leaving the Golden State, which was once the preferred destination of migrants worldwide. California’s domestic migration has been net negative for over 20 years. That is, for 20 years, more people have been leaving California for other states than have been arriving from other states. The state’s population is only growing because of a relatively high birthrate, mostly among immigrants. read more »