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I really don't understand how you can blame the downfall of the Chicago suburbs on the city of Chicago. The suburbs were growing and thriving while Chicago rot
by spamizbad 7y ago
I really don't understand how you can blame the downfall of the Chicago suburbs on the city of Chicago.
The suburbs were growing and thriving while Chicago rotted away in the 60s, 70s, and 80s. However, since then the economy, culture, and tastes have changed and there's been a sustained period of urban renewal. As businesses seek to relocate to cities to attract millennial talent, suburban office parks and shopping centers have struggled, forcing them push more of their tax burden on residential property taxes. The younger, college-educated workforce prefers urban amenities like shorter commutes, public transit, cycling and walkable living. This is all exacerbated by the financial circumstances of millennials and zoomers.
It's no surprise that suburbs that provide those things continue to do well. For example, my hometown of Elmhurst, a Chicago suburb, has radically gentrified since I was a child. The home my parents purchased in 1980 for $68,000 is now worth more than ten times that. Why? Because it's walkable, has a legitimate downtown and you can commute to Chicago in 30 minutes during rush hour with Metra.