Urban Finance

The Social and Fiscal Consequences of Urban Decline

January 27, 2017 // 0 Comments

By Michael Manville and Daniel Kuhlmann | Most big cities grow, but a handful of once-large American cities continuously shrink. Twenty-one of the 110 largest central cities in the US have lost population every decade since 1980. Once centers of wealth and industry, these places are shadows of their former selves. In 1950, 1.8 million people lived in Detroit; in 2013, 700,000 did. Since 1950 Buffalo, New York has lost 55 percent of its population. Cleveland, Ohio has lost 56 percent, and Youngstown, Ohio has lost 61 percent. Read More