There are assumptions implicit in the arguement/desire for "continued growth" and "redevelopment" that real estate values will(or, could) continue to appreciate at a rate that will offset inflation(i.e. the rising cost of producing public goods) and that a community's ability to sustain itself is indefinately bound to the mechanisms of capital, as driven through realestate.....(the magical movements of the "invisible hand" that keeps fanning the fires of capital, this way or that.)
The real action is taking place low to the ground, spatially, where the lands of investment and disinvestment divide.
As a working class(generally speaking) community, Lakewood's economic quandry can be viewed, in one sense, as evidence of a working class population's diminished powers of investment. To the the east, burnt-out neighborhoods in Cleveland were divested by the same cycle, decades ago.
The fires of capital burn slow. Dying old buildings - disinvested communities - make good kindling for sure. Douse with non-profit starter fluid; blockgrants, gov & subsidized loans.........watch the kindling cook.
Eventually, as noted in the blog Hotel Bruce, the gentrifying fires come to life.
http://www.hotelbruce.com/01_03/feature ... afford.php
At this stage, the "re-investors" are no longer dependent on community block grants, and gov. subsidized loans. In fact, with their requirments for mixed/low income housing, the starter fluid becomes like water on the fire's natural momentum.....the total displacement of the disinvested peoples milling about the land of would be "reinvestment".
Yes, you're home is not going to appreciate so rapidly as those in River or Bay. It's interesting that a home is considered an investment at the same time that we talk about the need to save our community. Are people investing in our COMMUNITY or investing in a HOME.
An investment is always closed with a pullout, that grand, profitable transaction. How then does one INVEST in a community, if your just biding your time for the day you can cash out?
Obviously, we received goods and services. We have libraries, our children are educated in the schools and participate in recereation programs. We have infastructure, safety....the list goes on. But we don't invest in these things to eventually gain a profit.... in purely economic terms(include consumption oriented paradigmatic concerns)
If the stewards of the public good are doing their job, we pull something greater from the community, that cannot be measured by an 'economies of scale analyses', or the purely quantitative return on investment in the real estate market.
What we can receive from our investment in community is a sense of communal identity, relationship, and self-determation that will always inspire greater human potential than the hope for profit, class mobility and social distance.
Lakewood's apparent "crisis" is only the crises of the working and middle-classes, whose powers of investment have been defrocked over the last 50 years. We all know the erosion of the middle class, same dynamic. Lakewood is eroding, not declining. We're just sinking, as analogous to the rest of the country (as our city takes out loans against the value of our total public assets to stay in the black, as though we we're able to print money at will ;0))
The investment approach to community stabilization is certainly a necessary part of the action. However, it is just one layer that must be subsumed by a more relational, post-religous morality that denies the fires of capital total reign in our little forest.
Regionalism, as promoted by the foundation cartel is a mechanism of global capital and it's trans-national -not to mention, post municipal- intersests in reconfiguring western democratic republics into third world, corporate feudal feifdoms. Erosion of the mddle class = disinvestment in the human core. Erosion of Lakewood = disinvestment by the human core in its own communal relations.
It's all relavent.
We become a third world nation while the populous sleeps, and we don't even need purple pills. That's the black-magic of capital, allowing the numbing action of over-consumption to set in and infect the communal soul.
Keep shoping. Wal-Mart for Steel Mills.
Keep swallowing the pills. Cleveland's medical industrial complex occupies vast land once scorched by the fires of capital, former blocks of Cleveland's working people.