Fundamentally better NA. |
Gill Holland made a few good points during his talk last week at the Green Building in NuLu. Given New Albany's recent experience with capital-intensive, gleaming facade and plaque-ready projects, this part struck me hardest.
Gill Holland, Steve Poe talk development in West Louisville, what to do if Humana is sold, by Chris Otts (WDRB)
Government is good at spending a lot of money in one place, like $135 million for the new Omni Hotel downtown. But 135 separate investments of $1 million in west Louisville would transform the area, he said.
Ah, but it would depend on campaign finance opportunities and voting patterns in those 135 areas, wouldn't it?
Joe Dunman recognizes the positives in the chat by Holland and Steve Poe, but he also sees "important differences between NuLu and Portland that ... often get lost in the hype." In several ways, these differences are both significant and relevant to New Albany's position.
I'm not doing Dunman's essay justice by reducing it to a mere paragraph -- and the conclusion, at that. Go to IL and read.
A true Portland renaissance must be sparked by the empowerment of existing residents, by Joe Dunman (Insider Louisville)
... If Portland and the rest of the West End are to enjoy a true renaissance, it must be sparked by the empowerment of existing residents. It can’t be imposed by a few outsiders buying up cheap lots and flipping them, displacing locals in the process. It requires a collective effort with government leadership. Speculators can invest and enjoy returns, but if the city is to improve as a whole, everyone must reap the benefits of neighborhood revitalization.
That's what's known as an "investment property" in New Albany.
ReplyDeleteThe City of New Albany allows some of it's citizens to live there.
The City of New Albany allows someone to purchase and/or rent that building.