The company is so good at the real-estate game that it has spawned a catchphrase, the Whole Foods Effect, a phenomenon Detroit is clearly banking on, having offered the retailer $4.2 million to come there. That figure suggests city leaders believe that Whole Foods is a force unto itself that can give a neighborhood the escape velocity it needs to break free of its doldrums. Are they right?
Urban and regional economic development, which focused on attracting factories and companies not too long ago, has taken a bit of artistic turn in recent years, with mayors, chambers of commerce and economic developers lauding the arts as a key factor in attracting skilled workers.
Art and culture’s role in urban development is well-documented. University of Minnesota economist Ann Markusen and her colleagues argue that the arts make substantial, if occasionally hidden, contributions to regional development. Markusen dubs this the “artistic dividend.”
Cultural amenities in general play a role in city growth, according to research by Harvard economist Edward Glaeser and his collaborators. Sociologists Terry Nichols Clark, Dan Silver and Lawrence Rothfield have been documenting the importance of artistic and cultural scenes in attracting talent and spurring urban growth. Read more
We’re beyond the point of a fresh coat of paint and a new sales pitch. If we’re going to continue to hold on to the single-family home, we need to transform it. There is a demand for smaller, more energy-efficient homes in less car-dependent neighborhoods; all aspects of the industry, from designers to lenders to planners to consumers, should meet it. In this era of anti-government fervor, subsidizing the American Dream isn’t an option; transforming it is the only one we’ve got.