Kate Stohr on Investing in Cities | Sustainable Cities Collective
Cities that turn a blind eye to pockets of blight and violence not only put community members at greater risk, but also put themselves at greater risk for the flight of capital and jobs. This, combined with leveling of populations in many areas, and projected population decline in others, means that cities cannot count on urbanization and rising birthrates to fuel economic development. Companies can and do go ‘city shopping,’ looking for ‘creative’ places that are safe and desirable. Cities that breed cultural diversity as well as opportunity — where the walk to and from work offers spontaneity and chance inspiration — will thrive.