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Artists to revitalize blighted areas NEW YORK – April 21, 2009 – Some cities hit hard by foreclosures help artists set up shop and residences to stimulate revitalization projects. Artists are known for being urban vanguards in blighted areas, but local government officials and nonprofits now view them as urban pioneers. Artists can snap up homes for as little as $100 in Detroit, and vacant shopping mall space in St. Louis is being transformed into studios with monthly rents as low as $100. In Cleveland, the Northeast Shores Development Corp. purchased nine foreclosed properties and offered them to artists with rents or mortgages between $500 and $1,100. These artists can assist in designing the homes or purchase them at low prices and renovate on their own. Meanwhile, the Cleveland Urban Design Collaborative rolled out the Pop Up City initiative to fill empty buildings with performance artists. “The next phase is capitalizing on the presence of artist and art-related businesses and using it as the lever for high-density development,” says Cleveland City Planning Commission director Bob Brown. Source: Wall Street Journal (04/17/09) P. W1; Alter, Alexandra © Copyright 2009 INFORMATION, INC. Bethesda, MD (301) 215-4688 Questions, comments or suggestions on this article? Have a news tip? Send a letter to the editor to: Newseditor@floridarealtors.org. |