Friday, February 7, 2014

I Hate To Say I Told You So But...

When you consider the fact that Greensboro is also the 2nd hungriest city in America, has the highest unemployment in North Carolina and a poverty rate of over 21% then being ranked No. 20 in the country for construction growth pretty much proves what I've long said: real estate development is an economic indicator, not an economic driver. "Build it and they will come" only works in movies. Being ranked number 20 in construction growth simply goes to show that Greensboro's "leaders" and economic development "gurus" have yet again hitched the cart before the horse.

Yet another page in the Diary of a Dying Country being trampled to death by white elephants wearing dirty fleece and wallowing in the foul mud.