Federal funding could go towards people-based programs, rather than place-based economic development
By Hicbd
Wed Jan 15 2014 8:46 pm
"It’s almost impossible to imagine that the billions already spent on Buffalo’s urban-renewal projects would satisfy any reasonable cost-benefit analysis for helping to reverse the city’s decline. The desire of people and firms to move is just too strong...people-based policies may actually motivate states and cities to spend more wisely, in order to retain their newly educated and mobile residents."
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