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REPLY TO THREAD
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Subject
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Bloomberg: Rust Belt Cities Demolish Homes as Defaults Blight Neighborhoods
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Original Message
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Thanks to globalization and corporate greed.
I hope every big corp goes down in flames when this is all over.
Story:
Cleveland’s population has been shrinking for 60 years as the city lost manufacturing jobs. Now, after more than 33,000 foreclosures since 2005, it’s demolishing hundreds of deserted, derelict homes.
An agency started last year to manage abandoned houses in Cuyahoga County, which includes Cleveland, plans to acquire as many as 1,000 properties next year, and tear down as many as 900 of them. The city of Cleveland may raze double that amount, according to Gus Frangos, president of Cuyahoga County Land Reutilization Corp.
“You really have to bury the dead right now,” Frangos said in a telephone interview. “You have to remove blight. It’s unfortunately on a grand scale.”
[link to www.bloomberg.com]
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