thought fodder

Artists and Economic Development

I ran across an interesting article the other day. It’s from Bloomberg Businessweek and is called Bohemian Today, High-Rent Tomorrow. It discusses the phenomenon of artists moving into low-rent districts, fixing them up and making them cool, which then leads to more economic development, which then makes the districts high-rent, forcing out the artists who brought them back to life. I’ve seen this written about many times and I’m not sure why more communities aren’t…

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