Gasoline for the Lawrenceville fire
My post one week ago about Lawrenceville economic development is a pretty serious contender for “most comments ever on the Pittsburgh MetroBlog”, and the argument’s still smoldering along at about one comment a day. So, let’s throw a bit of gas on it. My fellow CMU eggheads have determined that Lville house prices are rising about 8% per year, putting it in second place in terms of appreciation rates. One can easily argue that this means the Corporation’s strategy is working: there’s increased demand for those homes, which means more money coming in, more homes being renovated, and a general improvement in the state of affairs. It’s certainly better growth than I expected just based on the Design Zone shops we were shown, which lends credence to the claims that there’s a lot more going on that I didn’t see on my brief tour.
So, is this study proof that the nay-sayers are just engaging in Pittsburgh negativism, or is there something more here we’re not seeing?