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Abstract
This paper examines the investment practices and career of one of St. Louis’ largest owners of low-income rental property. In the process, it describes the conditions associated with decline and revitalization in central city housing markets that are dominated by private-sector institutions. The public policy implications of urban renaissance also are briefly discussed. Although the “back-to-the-city” movement and its effects in St. Louis are exaggerated by some observers, displacement of low-income families is occurring. Accordingly, public oversight and regulation of private market revitalization are imperative.
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Notes on contributors
Robert E. Mendelson
Robert E. Mendelson is an Associate Professor in the Department of Earth Science, Geography, and Planning at Southern Illinois University at Edwardsville.
Michael A. Quinn
Michael A. Quinn is Associate Professor of Government and Public Affairs at SIUE. Both are Research Associates in SIUE’s Center for Urban and Environmental Research and Services.