Detroit's bankruptcy is the most severe example of the financial implications of the movement of wealth to the suburbs. When residents and businesses leave, central cities have a disproportionate share of most regions' lower-income households. At the same time, many central cities collect less revenue as states cut financial support. So, we are left with the question: can central cities change patterns of economic activity? In Reversing Urban Decline: Why and How Sports, Entertainment, and Culture Turn Cities into Major League Winners, Second Edition author Mark Rosentraub details how central...
Detroit's bankruptcy is the most severe example of the financial implications of the movement of wealth to the suburbs. When residents and businesses ...
