Just as gentrification can out-price long-term residents, a failing middle neighborhood can have devastating trigger effects on its city, jeopardizing municipal budgets and increasing appeals for federal and state support. Whether property values skyrocket or plummet, residents are at risk of being forced out. Too often the heaviest toll falls on the middle class. When nieghborhoods fail, large numbers of modest-income households, many of whom are people of color, lose wealth due to home price decline, widening the wealth gap of the nation.
"Neighborhoods in America's Legacy Cities: A Dialogue in Detroit," a conference cosponsored by The Legacy City Partnership from September 13-16, 2016, will bring together professionals, decision-makers and academics from America’s Legacy Cities, where long-term population loss and economic restructuring present difficult challenges for the future of astounding historic resources and significant cultural heritage.
Inclusive Economic Development in America’s Legacy Cities supports innovation in the development of inclusive economic growth strategies. Such strategies address the intensity of poverty in legacy cities and promote revitalization that both attracts newcomers and increases opportunities for current residents across the economic spectrum.
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