Too Profitable Parking Lots Stymie Downtown Development
Housing developers cannot afford to pay land costs and as such, parking lots have kept Cleveland from transforming its downtown into a showcase for the remade city it yearns to become.
"When a Los Angeles businessman scooped up prime property in the Warehouse District last year, a groan arose among those who see down town revival as the key to Cleveland's future. The $5.5 million purchase gave Duane Cameron another asset for his company's impressive real estate portfolio. But it was no deal for Cleveland. Instead of becoming what would-be developers envision - a shining residential magnet for urban pioneers who want to live where they work and play where they live - this critical corner was consigned to remain what it had been for the better part of two decades: a parking lot."
Thanks to Kristin Hopkins
Full Story:
Published on Sunday, January 11, 2004 in
- The Year in Skyscraper Construction
- A Compelling Case for Protected Bike Lanes
- Is Pay by Distance Unfair to the Poor?
- Understanding the 'Dark Store Theory' Costing Local Governments Millions in Property Tax
- Rising Homelessness, Erroneous Data: Rethinking Utah's 'Housing First' Policy
- Let's Hope Trump Considers Infrastructure a National Security Issue Too
- A Better Travel Experience
- Mall of America Gets Opportunity Zone Status
- Congestion Pricing Takes Major Step Forward in New York City
- Vermont to Pay People to Relocate
- Video: Urban Planning Trends to Watch in 2019
- Comparing the Progress of Cities in Providing Alternatives to the Car Commute
- Transit Agency Chief to Propose Congestion Pricing for Los Angeles
- EPA Enforcement Activities Hit 30-Year Low
- Defense Department Calls Climate Change a National Security Threat
- Inland Waterways Looking for a Comeback
- The 'Latino Homeless Paradox'
- Seattle Rebrands its Planned Bus Rapid Transit System: Stride
- How Do Downtown Homes Prices Compare?
- New Taxi Fee Could Have Lethal Consequences
