Older neighborhoods believed are actually transforming into thriving, ethnically diverse cities.
Older neighborhoods believed to be on the decline are actually transformingthemselves into thriving, ethnically diverse cities, according to astudyfrom the Reason Public Policy Institute. The report, "Older Suburbs:Crabgrass Slums or New Urban Frontier?", by Joel Kotkin, shows thatoldersuburbs do not inevitably fall prey to sprawl. The study highlightsseveralareas across the country as evidence, including Burbank, Dallas,Houston,and Hempstead, New York. "Older suburbs across the country arereinventingthemselves as full-fledged cities and showing that they don't just rotawayas new communities spring up," said Samuel Staley, the project'sdirector."In fact, older suburbs may find themselves with more assets than theythought as the real-estate market adjusts to the tragic events ofSeptember11 and more businesses and families consider leaving core cities formoresuburban locations."
Thanks to Dateline APA
FULL STORY: Older Suburbs: Crabgrass Slums or New Urban Frontier
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