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Articles in the Real Estate Category

Economic Development, Featured, Real Estate, Regionalism, Sprawl, Urban Planning »

[8 Mar 2011 | 4 Comments | ]
A Story I Never Get Tired of Reading!

Ok, I know, we’ve written about this before (see here and here) so my apologies if you are sick of hearing about it.
But frankly, I think it’s important to remember that whatever challenges our part of the country faces, it’s no bed of roses in the Sun Belt, either.  And now there’s a book to explain more on this topic.
USA Today says the “sunburnt” cities of Florida, California and the Southwest must rethink themselves.
The paper writes, “Boomtowns that have been scorched by the housing crisis could learn from struggling Rust Belt …

Book Review, Featured, Good Ideas, Real Estate, Sprawl, The Media, Urban Planning »

[20 Feb 2011 | 7 Comments | ]
The Pros and Cons of “Triumph of the City”

Everyone should read this book, because it challenges conventional wisdom within the urbanist community. He argues powerfully that many activists’ attempts keep out evil developers just push development elsewhere or make cities more expensive. He’s critical of revitalization programs like light rail and convention centers. He’s critical of historic preservation.

One of the most novel cases made is that northern California should allow vastly more sprawl, because Californians emit very little carbon into their perpetually temperate atmosphere.

Architecture, Art, Crime, Featured, Race Relations, Real Estate, The Media, Urban Planning »

[16 Feb 2011 | 2 Comments | ]
Tackling The Pruitt-Igoe Myth

Editor’s note: Our faithful readers will note we recently featured a short post with a trailer and some information about a new documentary, The Pruitt-Igoe Myth, which deals with an infamous public housing complex in St. Louis, built in the 1950s and torn down in 1972.

The film’s director, Chad Freidrichs, recently spoke with Rust Wire about this myth and the film it inspired.
Watch the trailer for the movie here. Check out its Flickr page, with great historical photos here. Read more about the complex and its history here.
And …

Featured, Green Jobs, Real Estate, Sprawl, The Environment, Urban Farming, Urban Planning »

[10 Jan 2011 | 18 Comments | ]
Urban Farms: Bad Idea?

Urban farming in places like Detroit (and elsewhere) has gotten a lot of good press, this blog included.
But the author of this piece, Richard Longworth says we shouldn’t necessarily be praising urban farming, but instead seeing it as a symptom of how far some cities have fallen. (We’ve written about Longworth, and his work at the Chicago Council’s Global Midwest Initiative before.) His suggestion? Better grocery options for central-city neighborhoods, including big box retailers like Wal-Mart.
Reading Longworth’s post reminded me of a speech I heard at last year’s GLUE (Great Lakes Urban …

Economic Development, Real Estate, Sprawl, The Housing Crisis »

[7 Jan 2011 | One Comment | ]

Frequent Rust Wire readers know we’ve written before about the housing crisis creating Rust Belt-like conditions in some Sun Belt cities, such as Las Vegas (See here and here).
Now there appears to be actual data to back that up, according to a study from the Research Institute for Housing America, a division of the Mortgage Bankers Association.
The Los Angeles Times explains:
“A traditional city in decline is one that has suffered a sustained population drop, leaving behind empty houses, apartment buildings, offices and storefronts. Cleveland and Detroit, for instance, …

Economic Development, Featured, Real Estate, The Housing Crisis, Urban Planning »

[29 Dec 2010 | One Comment | ]
Chicago to Redevelop Former Steel Site

The former US Steel South Works in South Chicago will be redeveloped, The New York Times reports.
The “ambitious” $4 billion plan will remake the 470-acre site with homes, a marina, commercial space and a school, the paper reports. It is the largest undeveloped parcel in the city.
You can learn more about the history of the site here; take a look at the before and after photos from the mill’s heyday (below).

This history site notes that 20,000 people once worked at the mill, which closed in 1992 after operating 110 years. It also notes that …

Editorial, Real Estate, The Housing Crisis »

[30 Nov 2010 | No Comment | ]
Cleveland Takes its Fight Against Wall Street to the Supreme Court

We’ve previously written about Cleveland’s lawsuit against 21 big banks over the mess that was created by the foreclosure crisis.
This article in Cleveland Scene summarizes the case nicely:
“The case against the banks isn’t a class action about individual homeowner losses, or whether they were tricked into signing commitments they couldn’t keep. (Attorney Joshua) Cohen knows that’s a common misunderstanding. Instead, it’s about the big picture from the city’s point of view — an attempt to recover money Cleveland has been forced to spend cleaning up …

Brain Drain, Economic Development, Great Lakes, Real Estate, Regionalism, The Media »

[20 Oct 2010 | 2 Comments | ]

Where, you ask?
Hamilton, Ontario, that is. At least, according to this story in the National Post that says the affordable and beautiful real estate appeals to those who are sick of Toronto prices.
I like to think this blog does a decent job of covering developments in the Rust Belt, from Buffalo to Milwaukee and beyond. But we haven’t spent much time studying our Canadian counterpart. It sounds like Hamilton has some interesting neighborhoods to explore.
And I gotta give credit where credit is due. I was alerted to this by a …

Headline, Real Estate, Rust Belt Blogs, Sprawl, Urban Planning »

[14 Oct 2010 | No Comment | ]
Watch Sprawl and Segregation Transform St. Louis

We’ve been writing a lot about sprawl and race relations lately. I think that is because these issues are tremendously important to the discussion of the current conditions in Rust Belt cities.

Well, I’ve got to thank UrbanSTL for pointing me to this illuminating interactive map that shows how white flight and sprawl transformed the metro area over the course of decades.

You have to visit this site to see it unfold. I think this really mirrors development over the past six decades for Cleveland, Detroit, Cincinnati, Youngstown, Buffalo and many other Rust Belt cities.

Notice how the application is called Mapping Decline.

Headline, Race Relations, Real Estate, Sprawl, Urban Poverty »

[3 Oct 2010 | 2 Comments | ]
Race and Inequality in Youngstown, Part 2

The disappearance of jobs, the decline of schools, social isolation, and the rise of the drug trade took a frightful toll on inner city areas. Youngstown fared among the worst. Youngstown’s murder rate—which remained unexceptional for decades—skyrocketed during the 1990s. In 1991, the homicide rate for Youngstown was 60 per 100,000, whereas the country as a whole averaged only 10 per 100,000. In 1995, Youngstown had more homicides than the city of Pittsburgh. Though the crime has widely fluctuated, the city remains known for its high crime and murder rate.

Sociologist William Julius Wilson’s work has outlined the importance of historical data when examining inner city violence: “Unlike the present period, inner city communities prior to 1960 exhibited features of social organization