Will the Urban Renaissance Outlast the Bubble? - Megan McArdle: "There's a lot of angst out there over whether products like Starbucks that seem somehow emblematic of an era of wasteful spending will outlast the current downturn. The other day it occurred to me to wonder if the same isn't true of US cities."
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Good question. Chicago's urban renaissance relied on TIFs, CIDs, federal HOPE VI money, the real estate bubble mentality, and a few other features of the 1990-2008 bygone era.
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