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College Towns Stay Vibrant

Posted by: Tim Halbur

30 August 2009 - 7:00am

Towns with universities are doing better through the economic crisis than most, attracting jobs and preserving property values.

Examples considered in the article include Columbia, Missouri; College Park, Pennsylvania; Raleigh-Durham, North Carolina and Davis, California.

"Universities have long served as incubators for fresh thinking and new research. They also provide a solid economic base for area residents, allowing college towns to hold the distinction as areas of low unemployment. The economic activity trickles down into the host city, influencing the ethos of its civic life, from outdoor leisure pursuits to the performing arts."

Full Story: College Towns: High Marks For Lifestyle
Source: New Geography, August 27, 2009
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The circumstances that many localities and planning departments are suffering in the current economic winter will no doubt generate stress on administrations and service levels. The economy, combined with the housing bubble, has dealt a double blow to local budgets and revenue streams.
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