+Economy & Policy | 1438 days ago

CapitalistCast: Saving old industrial cities from the scourge of over-cross-collateralization

By wpcomimportuser1

In the past, when I’ve see an old industrial building standing unused in some place like Richmond, Calif., or Bridgeport, Conn., I always figured it was just basic economic forces keeping it empty. Nobody could find a valuable enough use for the property to justify the cost of fixing it up or tearing it down [...]