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News@lemmy.world · 1 year ago

Downtowns are dead, dying or on life support, says expert with over 50 years of researching urban policy

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Downtowns are dead, dying or on life support, says expert with over 50 years of researching urban policy

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News@lemmy.world · 1 year ago

The Reagan White House moved to lower tax rates for developers in the 1980s and then years of low interest rates glutted downtowns with office buildings. Time's up.

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1 year ago

Retrofitting commercial buildings is often impossible or more expensive than just demolishing

That sounds like a "them" problem.

They can watch their investments dry up and lose billions, or pivot to the new market. Not our fault they're stuck in the 80s.

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