I grew up in St. Louis, and if you grew up in a similar city (IE, not LA, NYC, or CHI), then you’re probably familiar with the dozens of old factories dotting the cityscape just rusting and rotting out.
I think these are evidence of previous cycles of land consolidation. The point Price makes in his article about how there aren’t many buyers for big buildings after they’ve outlived their usefulness is almost certainly what’s gone on here.
Also in St. Louis, I think the land consolidation wouldn’t have been all that bad if White Flight and the Suburban Growth Ponzi Scheme had never actually happened. The suburbs basically robbed the city of all the capital and workers and demand needed to keep those factories competitive.
Urban Wastelands Are A Result Of Previous Land Consolidation
Urban Wastelands Are A Result Of Previous Land Consolidation
Urban Wastelands Are A Result Of Previous Land Consolidation
A good point from a writer over at Strong Towns about how land consolidation leads to those ugly Yuppie Fishtanks.
Just one extra comment.
I grew up in St. Louis, and if you grew up in a similar city (IE, not LA, NYC, or CHI), then you’re probably familiar with the dozens of old factories dotting the cityscape just rusting and rotting out.
I think these are evidence of previous cycles of land consolidation. The point Price makes in his article about how there aren’t many buyers for big buildings after they’ve outlived their usefulness is almost certainly what’s gone on here.
Also in St. Louis, I think the land consolidation wouldn’t have been all that bad if White Flight and the Suburban Growth Ponzi Scheme had never actually happened. The suburbs basically robbed the city of all the capital and workers and demand needed to keep those factories competitive.