Quote:
Originally Posted by the urban politician
^ Yep, I think the development around 43rd st, if successful, can serve as an inspiration for how development can occur around other L stops in the city that have suffered from years of disinvestment.
I do think that too much subsidized housing in one location can be a bit of a ticking time bomb, however. And if we don't get an influx of free market housing in some of these areas to come via its own volition, we run the risk of having CHA-type slums 2.0 in a couple of decades, and we DO NOT want that problem again!
|
The area was flooded with market-rate construction since the 2000s condo boom. Lots of great new housing in Bronzeville that is priced reasonably for middle-class buyers. Since then, there was a bit of a lull and now there is a slow stream of market-rate construction again.
The last census showed that Bronzeville/the South Lakefront generally
gained in both population, income, and educational attainment. This only makes sense; it is near the lake and close to downtown, Chicago's two biggest location factors. And it sits between downtown and the established wealthy area of Hyde Park/Kenwood. There's also tons of beautiful vintage architecture, lush boulevards, and decent public transit.
I'm not worried about this area relapsing into another ghetto anytime soon...