Posts Tagged ‘Urban’
The current financial crisis and recent shock in oil prices will usher in a new era for the American lifestyle.
We’re going to be a more modest nation. We’ll buy what we need to live and be less concerned about fads and status. We’ll be concerned about our exposure to fossil fuels and will seek out dense urban living for both the economy of heating and driving. Read the rest of this entry »
Trenton is far from average
Trenton’s median income is in the bottom 9% of communities in New Jersey. Our schools are in the bottom 2% and our crime is in the bottom 1%. Real median income (adjusted for inflation) in Trenton actually declined 6.7% during the ‘90s while New Jersey’s median income rose 4%.
Because our income level and resulting tax base is so low we receive subsidies from the rest of the state most notably Abbott funding. To be a sustainable community we need to pay our own way which means our income must be in the 50th percentile, roughly that of Hamilton.
One can argue though that an urban city in New Jersey with “average” income would be a great place to live.
Making revitalization decisions isn’t easy
Trenton has been trying to revitalize for many years but with little success, therefore its time to realize that if revitalization were easy everybody could do it. Read the rest of this entry »