Today we are posting the final two posts from the Reason Foundation series on Cleveland. Below is Episode 5. The sixth and last installment will be posted later today.
Cleveland has spent billions on big-ticket urban redevelopment efforts including heavily subsidized sports stadiums and convention centers that have utterly failed to revitalize the city’s economy. Should the city be pouring even more money into and pinning yet higher hopes on long-odds mega-projects? Or should they realize that bottom-up projects driven by the actual residents and private-sector investors are the best was to build a vibrant city for the long haul?