Michael Deneen wrote:Besides, those young people moving in downtown are all potential Lakewood homeowners. Once they have kids, they will leave the city due to the horrific schools....Lakewood offers an excellent option for them.
"You may not be interested in war but war is interested in you."
Leon Trotsky didn't actually say that but it's a nice quote.
"You may not be interested in the competition but the competition is interested in you."
Bill Call did actually say that.
Every taxpayer subsidized downtown apartment is in competition with non subsidized apartments all across Cuyahoga County. Since Lakewood appeals to the same market it suffers more from the subsidies.
If all of those billions of dollars spent to subsidize downtown development were bringing new people and business to Cleveland it might be of some small help to Lakewood. However, since we embarked on the good ship
The Orgy of Subsidies
the City has lost jobs and people. The latest census update shows Cuyahoga County on course to lose 10% of its population within the decade.
You are correct in stating that all of those new downtown residents will head for the exits after a few years. Who will replace them? Will a region with a declining population AND aging population provide enough young people to fill those apartments? Of course not.
Since our political leadership is addicted to the subsidy culture their solution will be to offer more subsidies. Those additional subsidies will increase the cost of living for the rest of us and put even more economic pressure on cities like Lakewood.
Since I like a good conspiracy theory:
Since the leadership knows that the subsidy policy isn't attracting new business and new people
and they know that their policy simple bribes people to move from one side of town to the other
is it possible that the hidden side of their development policy is to deliberately starve some areas so that the
Downtown Disneyland development model will survive?