Quote:
Originally Posted by moorhosj
How many people do you know who live in Englewood? I'm trying to understand where you developed your knowledge of the community.
Are you arguing that private money doesn't often follow public money? Certainly the public money that built the 606 and the Riverwalk helped lay the groundwork for significant private investments. In my experience, being near a CTA/Metra stop increases property value.
Statements like yours are just as useless as the idiocy DSA spews. You both act like there are only two options: All Government or No Government. Meanwhile, what history has really shown us is that public money does some things better than private money (healthcare, military, R&D, transportation and education). You can accept that and still be a capitalist.
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Public money can spur private money in the right setting, yes.
But the huge swaths of vacant land surrounding Green Line stops on the south side (a HUGE public investment, btw) also shows that public investment is not necessarily enough.
There are other factors. And clearly the lack of those other factors likely explain why there hasn't been an explosion in private investment.