Syracuse: Bold Step

August 14, 2010 at 6:58 am Leave a comment

Not the basketball team, but the city.  An op-ed in yesterday’s New York Times profiles a change in economic development philosophy in Syracuse, including a project that sells people dilapidated houses for a buck:

It holds classes for new home owners and counsels potential foreclosure victims. It buys vacant homes, partially or fully renovates some of them for resale and dismantles others to supply pieces for renovation efforts elsewhere.

It’s a good but small start: Syracuse has 3,300 vacant parcels, 1,600 of which have structures on them, a daunting number in a Rust Belt city that over the past 50 years has lost 36 percent of its population and much of its core industry.

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