As America’s “third” city, Chicago competes for international attention against the usual rivals: New York and Los Angeles. Even San Francisco, next to Silicon Valley, claims prominence for its cutting-edge industries and progressive culture. Ultimately, though, Chicago’s domestic peers have global status through definitive leadership in industries with visibility and impact (New York in finance, Los Angeles in entertainment, Houston in energy, and San Francisco in technology and innovation). Chicago has dim prospects of replicating such undisputable competitive advantages, but it may not need to. read more »
I tend to explore what happens to suburbs as they age and begin to decline. But this time I’m going to explore what happens to suburbs that thrive and continue to grow and work their way up the value chain. It isn’t exactly what many people expect. “Be careful what you wish for.”
A friend moved from San Francisco to San Jose this winter. Now that I’ve been visiting her on a regular basis I have an excuse to poke around. It’s actually pretty fascinating. read more »
Despite the claim to uniqueness that is quintessentially French, the housing bubble shares the same root as we see in the Anglo-Saxon world. To be sure, some analysts blame it only on low interest rates: they made the households more solvent, and thus drove home prices up. This rise in purchasing power might have been enhanced by some specific subsidies to new rental units. Some also y point to normative constraints on new buildings have added to production costs. read more »
As demographers have projected for some time, China's population growth is slowing. The nation gained population at a rate of 0.49% between 2010 and 2013, according to data from the National Bureau of Statistics. This is a reduction from the rate of 0.57% between 2000 and 2010. Further growth rate declines are expected until the 2030s when the total population, according to United Nations projections, will actually begin to decline. read more »
What kind of urban future is in the offing for Southern California? Well, if you look at both what planners want and current market trends, here’s the best forecast: congested, with higher prices and an ever more degraded quality of life. As the acerbic author of the “Dr. Housing Bubble” blog puts it, we are looking at becoming “los sardines” with a future marked by both relentless cramming and out-of-sight prices. read more »
With Iranian-American nuclear relations back on the front burner — make that front and center — I was able to secure a visa and travel counter-clockwise by train around Iran, covering more than a thousand miles. In American headlines and Congressional outbursts, Iran is thought only to be grappling with its nuclear dilemma. But I came to the conclusion that Iran’s future is tied more closely to its cities, where some 60 percent of the population lives, than it is to its nuclear capabilities or its revolutionary doctrines. read more »
California has met the future, and it really doesn’t work. As the mounting panic surrounding the drought suggests, the Golden State, once renowned for meeting human and geographic challenges, is losing its ability to cope with crises. As a result, the great American land of opportunity is devolving into something that resembles feudalism, a society dominated by rich and poor, with little opportunity for upward mobility for the state’s middle- and working classes. read more »
For any who had been following demographic trends closely in Western Europe, it is long been obvious that suburbanization was following generally the same track as in Canada (more than 75 percent suburban), Australia and the United States (85 percent suburban). Nearly all growth in the major cities has been in the suburbs for the last four decades. read more »
Ten billion dollars — for a bus station. And if other projects are any guide, this price tag for a Port Authority Bus Terminal replacement is only going up from there.
That’s after we’ve committed: $4.2 billion at the PATH World Trade Center station; $1.4 billion for the Fulton St. subway station; $11 billion for the East Side Access project; $4.5 billion for just two miles of the Second Ave. Subway, and $2.3 billion for a single station extension of the 7-train.
Having grown numb to multi-billion price tags for building almost anything, New Yorkers might not know just how messed up all this is. In any other American city, even just one of these fiascoes might well have sunk the entire town. read more »
No industry generates more hype, and hope, than technology. From 2004 to 2014, the number of tech-related jobs in the United States expanded 31%, faster than other high-growth sectors like health care and business services. In the wider category of STEM-related jobs (science, technology, engineering and mathematics), employment grew 11.4% over the same period, compared to 4.5% for other jobs. read more »