Gulf States Brace For Real Estate Storm

Prices are rising predictably, but what does that bode for poor renters and the character of communities?

1 minute read

October 17, 2005, 5:00 AM PDT

"Urban planners and other experts differ on the prospects for an equitable real-estate renaissance. During the past several weeks, the state of Mississippi has hired renowned New Urbanism architect AndrÃ©s Duany to assist with plans for redeveloping the coastline. The state has also approved land-based casinos, a move aimed at rescuing 14,000 jobs displaced when Katrina destroyed riverboat casinos docked near the shore.

...Experts, including Kotkin, envision a sanitized redevelopment of New Orleans that would preserve tourist attractions while leaving a smaller city populated by wealthy singles, gays, couples without children, and a scattering of artists and musicians. 'That's great if you're a real estate agent,' he says. 'But being the San Francisco of the South isn't so great if you're a working-class New Orleans resident.' "

FULL STORY: Gulf states brace for real estate storm

Sunday, October 16, 2005 in The Christian Science Monitor

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