→ The Atlantic Cities: The Simple Math That Can Save Cities From Bankruptcy
We tend to think that broke cities have two options: raise taxes, or cut services. Minicozzi, though, is trying to point to the basic but long-buried math of our tax system that cities should be exploiting instead: Per-acre, our downtowns have the potential to generate so much more public wealth than low-density subdivisions or massive malls by the highway. And for all that revenue they bring in, downtowns cost considerably less to maintain in public services and infrastructure.
Transportation advocates are losing hope for passage of a highway bill before the election following Congress’s decision this week to pass another short-term funding extension.
Instead of approving the multi-year transportation bill that passed the Senate, lawmakers adopted a temporary extension of legislation that already funds road and transit projects. The short-term measure, signed Friday by President Obama, extends federal transportation funding until June 30.
When Best Buy said yesterday it was closing 50 big stores and opening 100 smaller ones, the world’s largest electronics retailer was adjusting to reality: The era of big-box retail dominance is coming to an end.
The new mantra is small box. While Best Buy, Wal-Mart and Target are still opening large stores, all are putting increasing emphasis on smaller ones. Best Buy plans to double the number of its smaller Best Buy Mobile stores by 2016. Wal-Mart is building as many as 100 small-format stores this year, while Target is opening five CityTarget locations.
→ The Cleveland Plain Dealer: Downtown Cleveland’s boom is real, experts say, thanks to millennials moving in
Cranes have returned to the downtown skyline. Apartment vacancies are hard to find. And office workers from the suburbs are moving into empty urban spaces.
A rising downtown Cleveland may have the economic power to lift the region, a panel of experts said Thursday. But much will depend upon young professionals and whether they find the housing and amenities they seek in a city hoping to reinvent itself.