Thought some might find this article interesting.  I'll start by
saying this isn't about your city, and your living situation is
certainly different, it's about Atlanta and specifically about the
areas I live in - the "Old Fourth Ward" it mentioned is directly
across the railroad tracks (yes, really - historically the "wrong side
of the tracks") that run directly behind the condo I was recently
looking at buying.

It's about gentrification of intown neighborhoods and presents a
fairly honest look at race in the Atlanta area, where there is still a
certain amount of racial tension among certain crowds of people and in
certain areas.  One of the most interesting nuggets for me, though, is
about how there is a 5 to 7 year backlog of vacant lots in the 'burbs,
while intown development is still plowing forward full steam ahead -
***even during the housing downturn***.  A ton of people are moving
back in town - mostly because of traffic.  This is all going on while
ONE MILLION people have moved to the region just since 2000.

http://www.governing.com/articles/0807atlanta.htm

<quote>
Indeed, you can't drive around Atlanta without coming across a new
condo or apartment development, even in recently destitute
neighborhoods that just a couple of years ago you'd have sworn would
never again see a bulldozer or a hard hat. "Even Deep South Atlanta,
which has been a backwater in terms of development, is seeing young
black entrepreneurs who are not heavily capitalized looking for
opportunities to go more upscale," says state Senator Nan Orrock, a
white Democrat who represents some of the city's fastest-changing
neighborhoods.

Meanwhile, the outer suburbs now have a lot of cleared land sitting
vacant. A recent study by a local real estate research firm found that
developers in the northern half of the region have a five-year backlog
of lots cleared and ready for building; in the southern half of the
region, the backlog is seven years. Why? "Buying a house way out there
is like buying a Hummer now in terms of what's it's going to cost you
for gasoline," columnist Jay Bookman argues. "In January of 2007, when
gas was $2.17 per gallon, metro Atlanta spent $14 million a day on
gasoline. At $4, it's $26 million every day. That is an economic
driver that will transform the region."
</quote>

.... and this ends today's lesson about Atlanta.

-Cameron

-- 
Cameron Childress
Sumo Consulting Inc
http://www.sumoc.com
---
cell: 678.637.5072
aim: cameroncf
email: [EMAIL PROTECTED]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~|
Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to 
date
Get the Free Trial
http://ad.doubleclick.net/clk;203748912;27390454;j

Archive: 
http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:264347
Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm
Unsubscribe: 
http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5

Reply via email to