Posts Tagged ‘revitalization’

No matter what you hear from boosters selling you rose colored glasses or what you hear from detractors who think everyone who visits the Capitol City gets shot, Trenton’s economic situation is bad.  Our per capita income is about half the average for New Jersey as is our assessed property value.  We can’t afford our own municipal government, much less our schools.

We’re overburdened given our size and even with state and federal aid, our tax rate is high. The plain truth is that our tax rate for 2011 will be the highest in NJ.  In this regard, our property tax is definitely, “foe”. Read the rest of this entry »

As the new Citizen’s Budget Committee prepares to form its recommendations to the public and our elected officials, I pondered aloud to my committee, “what limits our pace of revitalization?”

I’ll get to the answer but first I’ll recap the problem and the solution.

Our economic problems are dangerous

Read the rest of this entry »

A good first step towards Trenton’s revitalization is reinventing its tax system. Restructuring the tax system will take strong leadership, a good ability to communicate and a desire to be a leader in NJ’s efforts to reinvent its urban centers. My hope is that our next mayor can take up the mantle of making this important change. Read the rest of this entry »

Last Christmas, I wrote an article about how community spirit is a necessary and present ingredient for Trenton’s revitalization.

“Community spirit as an economic engine”

Beautiful Trenton is the best example of that spirit to date but there are problems.

Read the rest of this entry »

One of the most maddening debates you can have in Trenton is about city investment in new business vs. residential living.

Almost, to a person, the political elite in Trenton will tell you that investment in business is the top priority. I’ve had this debate countless times and you can see it in the political rhetoric of our candidates. However, when pushed by the logic of residential development, they’ll eventually say, “well it’s really a chicken and egg” problem. Read the rest of this entry »

Trenton’s numbers don’t tell a pretty story.  By anyone’s measure it’s currently an unsuccessful city.

• Trenton has 17.5% unemployment,
• We have a $20M budget shortfall,
• We will be bankrupt in 2012
• We have the highest taxes in NJ
• We have the 2nd highest crime rate in NJ
• And, we’re losing population

This is not a good situation. Read the rest of this entry »

The July 18^th edition of Trenton’s Urban Studies group had Alan Mallach as its guest speaker. Mr. Mallach has been studying cities for 40 years and works today as a consultant and author on the subject. He was formerly Trenton’s Economic Development director back in the 90s.

The upshot of Mr Mallach’s comments was that a small city like like Trenton, should have as its objective, to increase the numbers of higher income residents. Increasing downtown residency is an important part of this prescription. Read the rest of this entry »

Of the five major ways to foster urban revitalization;

1. Facilitating high end real estate development,
2. Supporting the arts and culture,
3. Cleaning up the joint,
4. Squashing the gangs, and
5. Creating a reason for Trenton to be here,

Only “Cleaning up the joint” can be done inexpensively.

Visitors to Trenton often comment that the city looks “run down” and dirty. Residents agree. Read the rest of this entry »

It’s useful to honestly measure the things that make a city attractive to its current and future residents. Clean streets, low crime rate, diverse retail options, value for the housing dollar and jobs are obvious elements of attractiveness. A thoughtful city planner or economist would measure these things, understand their impact on revitalization and then target spending to get the biggest bang for the buck. Read the rest of this entry »

Over the last several years I’ve compared large urban revitalization project to a hypothetical program I call the down-payment grant.

Government folks hate comparing their revitalization projects to my hypothetical suggestion. They like to point out that the funds they propose to spend are restricted in nature and aren’t available for my crazy scheme. OK, I never said they were, but they shouldn’t argue that those funds are for the purpose of revitalization unless they can be shown to at least approach the simple benefit of the down-payment grant.

Let’s remind ourselves what revitalization means

Revitalization is somewhat in the eye of the beholder. In fact, that’s one of the problems. Our government officials shy away from specifying what they mean by the term.

I propose increased per capita income as a single clear and measurable standard for revitalization.

Economists and sociologist consistently link improved per capita income to better housing and education and to lower crime. Furthermore, it’s a statistic that the Census Bureau measures for us. A city with a high per capita income is better able to afford schools, the arts, charity for the poor and lower tax rates. It will also spend proportionately less on police and fire protection.

The down-payment grant is a good hypothetical way to spend $100M

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