That allowed Pittsburgh “to adapt to changing circumstances,” - TopicsExpress



          

That allowed Pittsburgh “to adapt to changing circumstances,” wrote Krugman: Detroit’s disaster isn’t just about industrial decline; it’s about urban decline, which isn’t the same thing. Sprawl killed Detroit. And he’s right. There are many factors that distinguish Detroit from Pittsburgh, but the sprawl factor can’t be ignored. Very simply, Detroit’s assets can no longer keep up with its liabilities. Plenty of cities have pension obligations, but what Detroit lacks, more and more, is a tax base. And that is directly tied to the way the region developed over the last few decades — namely, further and further from Detroit.
Posted on: Thu, 25 Jul 2013 06:38:56 +0000

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