Governing
KEYWORD SCORE: 19.72. apartment, development, downtown, growth, hud, mixed-use, urban
Market crashes and steep declines produce shakeouts in business, weeding out weaker firms and benefiting the strong that remain. This can play out in cities too, and is happening right now among central business districts, with New York and San Francisco leaving other downtowns behind. It’s not so unusual. The 1980s oil crash nearly destroyed Houston, but also laid the groundwork to cement its dominance as the capital of the energy industry. Today, it’s almost inconceivable that entertainment executives would create a TV series about a wealthy oil family and call it *Dallas*, as they did in 19
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