December 4, 2022

How a ‘Golden Era for Large Cities’ Might Be Turning Into an ‘Urban Doom Loop’

 NY Times - Scholars are increasingly voicing concern that the shift to working from home, spurred by the Covid pandemic, will bring the three-decade renaissance of major cities to a halt, setting off an era of urban decay. They cite an exodus of the affluent, a surge in vacant offices and storefronts, and the prospect of declining property taxes and public transit revenues.Insofar as fear of urban crime grows, as the number of homeless people increases and as the fiscal ability of government to address these problems shrinks, the amenities of city life are very likely to diminish.


1 comment:

Greg Gerritt said...

Cities are not going away. In the next 100 years nearly every new person on earth will live in a city