The economic decline of the suburbs could flood cities like New York with "suburban economic refugees". This commentary from the New York Post warns that this is bad news for cities.
"The tenets of suburban life are the oxygen in the economic bloodstream, and the nation is suffering hypoxia. The reason a lot of folks think we're just getting warmed up on an economic swoon is that the global economy has neatly garroted all the drivers that make suburbs flourish."
"New York City, already projected to expand to 10 million people over the next 15 years, will grow even more rapidly if these trends continue. After a half century of suburban flight, demographers from John Fregonese to Richard Florida are predicting the return of urban sprawl."
Thanks to Creative Class Exchange