Quote:
Originally Posted by Mr Downtown
"Ahead of Obama Center" primarily in the minds of north suburban newspaper editors who see the South Side as all one neighborhood. From the story:
Russell Pike, president of the Jackson Park Highlands homeowner's association, one of the oldest in the city, would like to see a renewed business corridor along 71st Street between Yates Boulevard and Stony Island Avenue, but he remains skeptical that either the Obama center or the golf course would be the spark the area needs.
“I’m not sure if the golf course is going to create an avenue of businesses wanting to develop in that area. I’m not even sure if the Obama Center will do it as well, since (it’s) going to be” at least a mile north, he said. “What’s going to motivate someone to come another mile south?”
Pike also said he believes the spike in home sales lies not in the proximity to the presidential center, but to area beaches and lake trails, public transit and the area’s increased diversity.
"I wouldn't say that a lot of these changes has to do with the Obama Center. I don't know how far in advance people think 'Well I'm (going to) buy a house over here because in three years there's going to be the Obama center,’ " said Pike, 67. "I think the selling point is we're very community oriented (and) the neighbors look out for each other."
|
Well, obviously. It’s not just the media who have a flawed understanding, it’s the community groups too. They point to the gentrification wave that followed the 606 without understanding the very different specifics around that project.
The Museum of Science and Industry has been luring wealthy Northsiders, suburbanites and tourists to Jackson Park for 80 years, I doubt it had any significant impact on real estate values in the broader Hyde Park/Woodlawn community.
The uptick in values and development in Woodlawn is being driven purely by University growth pricing middle class folks out of Hyde Park, and the existing amenities (park, lake, Green Line) that make Woodlawn a respectable choice - especially for young, middle class people of color. The notorious housing projects that once kept people away have been redeveloped.
I imagine the neighborhoods here will take a similar trajectory even if the Obama Center and the golf course were canceled tomorrow.