Tuesday, October 10, 2017

Has urban revival caused a crisis of success?

Attract members of the "creative class" to a city and they will create jobs and spur urban renewal. But that idea, championed by noted urbanologist Richard Florida, has a double-edged downside: increased economic segregation and less affordable housing. Economics correspondent reports on how Florida wrestles with that tension in his latest book, "The New Urban Crisis."

Editor's note: Plan Bay Area is projected to INCREASE the cost of housing.  While it promises to build more taxpayer subsidized housing, the rest of us will be forced to pay for them.  San Francisco will become a have for the very rich and the poor. Middle classes will need to move elsewhere for the American Dream.

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