"“So if the city’s looking at where do we put our resources, we want to put them in the place that affects the most amount of people. Then downtown clearly rises to the top because we provide those benefits back to that many people,” said Ed Wolverton with Downtown Greensboro Inc."
Reality check: There are more people living in Claremont Courts and Patio Place Apartments than the entire population of downtown Greensboro. And both of those City owned apartment complexes are inside the little green circle where I would like to see become, the site of the Greensboro Performing Arts Center.
The article continues:
"While the city has gained 46,000 people over the last decade, Cregg said the city has seen a decline in manufacturing jobs."
Guess what kinds of jobs the residents of Northeast Greensboro are/were most likely to have had? Put the resources and the jobs where the people live and quit leaving our working class neighborhoods out in the cold.
From Wikipedia:
"Rent-seeking can also be quite costly to economic growth. This is because high rent-seeking activity makes more rent-seeking attractive because of the natural and growing returns that one sees as a result of rent-seeking. Thus, rent-seeking is valued over productivity. In this case there are very high levels of rent-seeking, while very low levels of output. Another reason rent-seeking may grow at the cost of economic growth, is that public rent-seeking by the state can so easily hurt innovation. Ultimately, public rent-seeking hurts the economy the most because innovation is what drives economic growth."
Isn't it time Greensboro gave innovation priority over rent seeking?
Continue reading article #79. East Greensboro Would Benefit From New Arts Center.
