4 korrents from this piece
Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.
Their wordsSo whether it is Robert Moses then or Elon Musk today, people who would have – in a time past – been called charlatans or hustlers, now become deeply admired for their willingness to take bold action (with public money or supported by tax subsidies).
Their wordsYet, incremental investment is how cities have always built wealth.
Their wordsPre-Depression development was incremental on a continuum of improvement while post-War development is built at a large scale to a finished state.
Their wordsIt is incrementally rising land values, combined with the ability to redevelop to something more intense, that naturally prompts the redevelopment of property in decline.