Market forces alone haven't been able to generate needed investments in areas devastated by Katrina, and people have nothing to return to without those investments. A new idea has promise.
"New Orleans faces two chicken-and-egg problems that private markets don't know how to remedy. The first is how to get people to live in places where there are no jobs because there are no people living there. The second is how to get capital to rebuild damaged buildings in neighborhoods that are worthless because so many buildings are so badly damaged.
There's no private market renewing New Orleans because nobody has an incentive to move back or reopen a business or invest, because no one can be sure there will be enough other people moving back, reopening, and investing to make it worthwhile.
This is why an idea now being pushed by Republican Congressman Richard Baker, who represents Baton Rouge to the north of New Orleans, is so sensible. Baker wants to create something called the Louisiana Recovery Corporation. Essentially, it would buy property and mortgages at 60 percent of their pre-Katrina values, package them together in parcels that might be attractive to private developers, and then auction off the packages. The resulting revenues from developers would then replenish the fund."
FULL STORY: Chickens and Eggs in New Orleans
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Has President Trump Met His Match?
Doug Ford, the no-nonsense premier of Canada's most populous province, Ontario, is taking on Trump where it hurts — making American energy more expensive.
Honolulu's Iwilei Center Plans for Redevelopment Into Mixed-Use Space
Striving to expand affordable housing options for Oahu residents, Honolulu's Department of Land Management requests to redevelop the Iwilei Center into a mixed-use space.
Biketown Lives
Despite public perception of its decline, Portland’s bike share system is alive and well.
‘Stockholm Tree Pit’ Saves Dying Urban Trees
After noticing that two-thirds of its trees were dying, Stockholm developed a new planting method to protect trees surrounded by concrete.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Edmonds
Harvard GSD Executive Education
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research