smart growth & the philadelphia sheriff presentation by john kromer
DESCRIPTION
…the rate of growth in Greater Philadelphia fell to its lowest level since the 1960s. Why?TRANSCRIPT
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Smart Growth &The Philadelphia
Sheriff
Presentation byJohn Kromer
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During the past, housing-bubble decade…
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…the rate of growth in Greater Philadelphia fell to its lowest level since the 1960s.
Why?
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Because some suburban areas…
… are now completely built out.
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In some places, there is nothing left to develop.
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More investors and developers are pursuing opportunities in the city.
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Southwest Center City in 1998: 553 vacant houses.
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Southwest Center City in 2008:
Only 49 houses are still vacant.
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This year, twenty-something children of the suburbs are living at:
20th & Diamond
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This year, twenty-something children of the suburbs are living at:
16th & Tasker
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This year, twenty-something children of the suburbs are living at:
5th & Berks
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The row house used be called “obsolete.”
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Now, in some neighborhood markets, it’s “smart.”
It’s energy efficient.
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Land is available to develop the latest green-building products.
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What kinds of investors are seeking opportunities here?
The Good: local developers and contractors
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What kinds of investors are seeking opportunities here?
The Bad: predatory speculators
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What kinds of investors are seeking opportunities here?
The Cluelessinexperienced devotees of get-rich-quick schemes
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Some of the worst investors know how to game the system
…to avoid code enforcement and tax foreclosure.
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And Philadelphia’s antiquated tax foreclosure system…
…is an open invitation to them.
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Bidders aren’t screened for experience or qualifications.
- not even for past performance in Philadelphia.
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The result?
More neglected properties in every section of the city.
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A Better Way I - Flint, Michigan
Land bank takes over all foreclosure-eligible properties.
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A Better Way I - Flint, Michigan
…and assigns them to responsible developers.
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A Better Way II - Reading, PA
Reading purchases foreclosure-eligible properties directly, bypassing auction.
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A Better Way III - Baltimore, MD
Through receivership, Baltimore acquires vacant properties in areas targeted for reinvestment.
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We’re making some progress
The Managing Director is now in charge of blight strategy.
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But not enough progress
We’re still paying an independently elected Sheriff
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#1‘Yes’ vote on a referendum question:
Should the position of Sheriff be abolished?
How to Reform
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#2Reallocate city funding for Sheriff Office to
other municipal departments.
How to Reform (Another Approach)
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Best Time to Improve: Now
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