Quote:
Originally Posted by VivaLFuego
I don't get why a 2-week event will forever change the development and ivnestment picture (which is on a much longer timeline) throughout the city. At most, over the long run, the city's image will improve and increase tourism and overall housing demand to spur development, but we're talking a 20+ year time horizon and the dearth of investment in the south side is in the here and now.
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I'm saying that it will change the southside because of the massive amounts of infrastructure improvements that will occur. Also, you can expect that quite a bit of money will be put into generally sprucing up the area, and don't forget the Olympic village adding to development momentum in the area. Also, crime rates will drop because the government will have to make the Washington Park area extremely secure for the Olympic Stadium. Overall, that whole area would be a much more desirable place to live by the time the Olympics are over.
I don't see how it can't change the course of the southside forever. I mean that's one of Daley's stated goals, to gentrify the south side, make it like the north side, you don't think he would use the Olympics as an excuse to pour money into doing this?