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Article: Urban revitalization projects bring economic challenges: will local communities be left out of development efforts?(AROUND THE NATION)
- Article from:
- Black Enterprise
- Article date:
- October 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As million-dollar urban revitalization projects take place in cities across the country, African American developers and city officials are working to ensure that the largely minority residents there enjoy and participate in the economic growth.
"We've all seen where you simply move the old economy out and a new economy in," says Vincent Barnes, executive director of the Rebirth of Englewood Community Development Corp. of Chicago's South Side. In many cities, revitalization has increased housing and commercial rental costs, making the cities unaffordable to residents, he says.
To combat this trend, Barnes and others involved with development projects ...