Shrinking Cities Revisited Sunday, November 14, 2010
High tech corridors in Silicon Valley, the Massachusetts 128 corridor and the financial district of New York attract investment and the brightest talent in the nation. But what about the Midwest and Great Lakes states? Many cities in these areas have been hollowed out as manufacturing jobs have left for foreign shores. The cities are left with vacant buildings, shrinking populations and big footprints resulting in a high per-capita cost to maintain aging infrastructure. We will explore how to right size a shrinking city and talk about an innovative approach called landbanking which allows a city to recapture these tax revert vacant properties and put them back to productive use.