Failing to attract buyers even with deep discounts, developers are starting to bail out on Plan for Transformation, an ambitious program that seeks to replace moribund public housing projects with mixed-income housing.
Since the significant attrition in home values started in late 2007, Chicago remains one of the hardest-hit cities that are struggling to recuperate.
To the extent that the program is working, Mary Ellen Podmolik of the Chicago Tribune reports that developers now resort to offering $10,000 incentives to help assist potential buyers with expenses.
Podmolik asks: "Is the limited success of the homes a function of the horrible housing market or the mixed-income neighborhood and the potentially safer financial investments elsewhere?".
Plan for Transformation is a brainchild of former Mayor of Chicago Richard Daley.
Read the full story: Plan for Transformation a tough sell in weak market
Sustainability Expert Becomes Dean of USC’s School of Public Policy
Chris Boone, a sustainability leader, becomes dean of the USC Price School of Public Policy, where he aims to advance interdisciplinary solutions and sustainability initiatives while building on the school’s legacy of public policy leadership.
6 International Models of Urban Revitalization
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Eastern Nebraska is running out of electricity
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Study reveals best places in the U.S. for cycling, walking
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DSA members accuse Mamdani of 'abandoning values' over housing redevelopment
New York City's mayor plans to replace about 2,000 units of public housing with private, mixed-income housing.
All sides of BRT debate unhappy with CDOT’s most recent move
The Colorado Department of Transportation is no longer considering center-running bus lanes for Colorado Boulevard.
Massachusetts bogs generate both power, and cranberries
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FREE Course: Walkable City 1: Why Walkability?
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Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
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City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello