Quote:
Originally Posted by alki
There is an argument that the most successful metros in this country have a strong DT hub......a strong heart acting as the major node within a multi nodal complex. That argument seems to be mostly substantiated by looking at metro areas throughout the country. Those metro areas with the strongest hubs are experiencing the best growth; those with the weakest not so much. Of course, there are exceptions..........Chicago has a strong DT but its growth is pretty much as anemic as LA's......but generally the rule applies.
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I don't know that I understand your post because it went from most successful to growth. Sure, growth is slow to see in LA's downtown because it is relatively small compared to other core based cities, which btw are few. However, Los Angeles is on its way to becoming the worlds 3rd trillion dollar economy behind only New York And Tokyo. As mentioned before Los Angeles' growth isn't always in the city limits of the City of Los Angeles, yet the metro has seen unprecedented growth over the past hundred years... Enviable growth if you ask me. And because this growth occurs in the "nodes", it's not as obvious as if it had all happened in the core. And yet we have cranes returning for new development in downtown and we even have some forumers calling a boom. Don't get me wrong, I understand the statistics as far as renters and those using public transit are almost reversed when compared to New York, but both are major world centers of business with certain industries dominating the scene.. But in the end, though different, they really are much the same.
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