Demolition Means Progress: Flint, Michigan, and the Fate of the American Metropolis, Highsmith

In 1997, after General Motors shuttered a massive complex of factories in the gritty industrial city of Flint, Michigan, signs were placed around the empty facility reading, “Demolition Means Progress,” suggesting that the struggling metropolis could not move forward to greatness until the old plants met the wrecking ball.

The Economist explains: How cheaper housing can boost productivity | The Economist|newe|20-07-2015|

” One paper published in 2010 found that absenteeism among German workers would be 15-20% lower if they did not commute. If it were somehow possible to scrap commuting altogether, the British economy would see a productivity boost worth £12 billion a year, according to the Centre for Economics and Business Research, a think-tank.”

Slate Property Group NYC | Adam America Real Estate

“The partners paid close to the asking price of $10 per buildable square foot, or about $1.18 million in annual rent, for the site, located at 535 Fourth Avenue between 14th and 15th streets. A CPEX Real Estate team led by Sean Kelly and Matt Dzbanek brokered the transaction. A source familiar with the deal said the 99-year lease’s net present value was about $25 million.”