Gulf States Brace For Real Estate Storm

Prices are rising predictably, but what does that bode for poor renters and the character of communities?

1 minute read

October 17, 2005, 5:00 AM PDT

By Chris Steins @planetizen


"Urban planners and other experts differ on the prospects for an equitable real-estate renaissance. During the past several weeks, the state of Mississippi has hired renowned New Urbanism architect Andrés Duany to assist with plans for redeveloping the coastline. The state has also approved land-based casinos, a move aimed at rescuing 14,000 jobs displaced when Katrina destroyed riverboat casinos docked near the shore.

...Experts, including Kotkin, envision a sanitized redevelopment of New Orleans that would preserve tourist attractions while leaving a smaller city populated by wealthy singles, gays, couples without children, and a scattering of artists and musicians. 'That's great if you're a real estate agent,' he says. 'But being the San Francisco of the South isn't so great if you're a working-class New Orleans resident.' "

Sunday, October 16, 2005 in The Christian Science Monitor

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