The Reagan White House moved to lower tax rates for developers in the 1980s and then years of low interest rates glutted downtowns with office buildings. Time's up.
  • Potatos_are_not_friends@lemmy.world
    201·
    1 year ago

    Retrofitting commercial buildings is often impossible or more expensive than just demolishing

    That sounds like a “them” problem.

    They can watch their investments dry up and lose billions, or pivot to the new market. Not our fault they’re stuck in the 80s.