downtown on the mind...
Three hypotheses are put forward to explain why there is so much emphasis on redeveloping downtowns: 1) The fiscal base explanation. The downtown has traditionally been the most valuable land in the city, and as it atrophies the city’s ability to collect tax revenues falls, and therefore so does its ability to provide services. 2) The public psyche explanation. The downtown’s importance is larger than its contribution to employment or population. and 3) The public choice explanation. In this interpretation downtowns are obsolete regimes lacking in market power but strong in political power.
Do all/some/any of these explanations apply to what is going on in Pittsburgh?