Downtown? L.A. Doesn't Need One

Politicians love to spend other peoples money even when it doesn't make much economic sense.Los Angeles is proposing to waste $1.8 Billion to redevelop downtown.Joel Kotkin reminds us:

Over the last 40 years, the most dynamic cities in terms of population and job growth — Houston, Phoenix, Atlanta, Dallas — have all emerged with only a small percentage of their jobs and an even tinier slice of their population living in or around their urban core.

In contrast, most of the cities that fit the traditional downtown model have grown far less robustly. San Francisco and Chicago have actually lost jobs and population since 2000; the five boroughs of New York have fewer jobs today than in 1969

The trend isn't downtown.LA Times