The U.S. version of urban blight, if you rely on ample empirical evidence, is largely a non-reversible process. Once money moves out, it ain’t coming back. They may try to ‘renew’ an area, but it’s usually lipstick on a pig, like upscale condos in a high crime area.
“The U.S. version of urban blight, if you rely on ample empirical evidence, is largely a non-reversible process. Once money moves out, it ain’t coming back. They may try to ‘renew’ an area, but it’s usually lipstick on a pig, like upscale condos in a high crime area.”
Ayn Rand wrote a book or three about that very point.