How to Protect Main Street While Saving Wall Street

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The current discussion in Washington can either lead to a rapid processing and recovery at the local level or a long drawn out destruction of local economies. This is particularly true of regions – Las Vegas, Phoenix, San Bernardino-Riverside, much of Florida – that have been hardest hit by the foreclosure crisis.  read more »

The College Town Is Obsolete

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The college town occupies a special place in the American consciousness. Small, leafy, brimming with intellectual activity, preparing tomorrow’s leaders – if we haven’t spent years, dropped off kids, or attended a football game in a college town, we have at least passed through one.  read more »

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Rx for ‘Residential Renaissance:’ Take Two Years and Ease Up on the Hype

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A big going-out-of-business sign on the Rite-Aid store at 7th and Los Angeles streets tells a bigger tale—a story I’ll call “Hype Happens.”

The Rite-Aid opened a few years ago with fanfare, arriving at just about the high-point of the hype over the “Residential Renaissance” of Downtown. Rite-Aid set up shop in the Santee Village project, an ambitious effort that saw a developer get plenty of help from various government agencies in order to convert a collection of mid-rise buildings from garment shops to residential lofts.  read more »

Boomers Go Back to College? - A Letter from Pennsylvania

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The “boomers” is a generation born between 1946 and 1964. They gave us the youth culture, hippies, Woodstock, peace movement, women’s liberation, computers, flexible work environments, consumer electronics and consumption on the grand scale to mention only a few.

Boomers have enjoyed a wonderful economy in the main that has enabled them to build wealth and live middle class lifestyles. They stay fit. They eat healthy foods. They look young compared to people of previous generations at their age.  read more »

Back to Basics: The Financial Crisis Requires a Paradigm Shift

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It’s tempting to look at the current financial meltdown – and the proposed bailout – with a Bolshevik mentality. Let’s line up the investment bankers, hedge fund managers up against a wall and spray them with an odorous substance.
If it were only so easy. Rescuing Wall Street may not solve many problems but letting the investor class implode won’t help many people either.  read more »

Creating an Authentic Place: Tales from Two Southern California Cities

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What makes a place “authentic”? In places we cherish, we look for something unique and tangible. But personal experience of a place is not merely a product of the landscape and “built environment.” It is also shaped by myths and perceptions.

As City Manager of two California towns, I’ve grappled with the treacherous crosscurrents of reality and myth, of change and preservation.  read more »

The Smart Growth Bailout?

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One way to see the federal rescue of the home mortgage market is to call it “the smart growth bailout.” True, the proximate cause lay with profligate lending practices. The flood of mortgage money covered the entire country, irrespective of state, regional or local land use regulations. That’s where the similarity stopped.  read more »

Getting Beyond the Quadrangle: Rethinking the Reality of Town and Gown

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In the spring of 2003, I chaired an Urban Land Institute Advisory Services Panel focused on strategies for continuing the revitalization of downtown Birmingham, Ala. As in many cities this was driven by the stock of historic downtown buildings slowly being converted to either new office buildings or loft condominiums, supported by a handful of downtown cultural assets and public spaces. Our tour host proudly invited to the panel’s attention that three of the four buildings anchoring downtown’s “100 percent corner” were the high-rise headquarters of three regional banks.  read more »

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What's the Biggest Flaw in the Administration Bailout Plan?

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The biggest flaw in the Administration bailout package: It could all happen again. The system doesn’t need just fixing, it needs decentralizing. Financial institutions should be big enough to fail—and never any bigger. We need compartmentalization, also known as federalism.  read more »

Time to Reinvent College Towns?

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By Joel Kotkin and Mark Schill

For much of their history college towns have been seen primarily as “pass through” communities servicing a young population that cycles in and out of the community. But more recently, certain college communities have grown into “knowledge-based” hot spots --- Raleigh-Durham, Madison, Cambridge and the area around Stanford University --- which have been able to not only retain some graduates but attract knowledge workers and investors from the rest of the country.

But a large proportion of college towns do not seem to be doing so well.  read more »