City of the Future - Episode 17: Wealth Beyond Ownership
Cities throughout the U.S. (and around the world) are struggling with the many issues that come with neighborhood growth and displacement. But what if, instead of being negatively impacted by development, residents benefited from it instead?
In this episode — part two of our two-part series on new models for wealth-building — we explore “neighborhood REITS,” a model that helps community members invest in local development projects. This innovative approach can help folks participate in their own communities’ growth, and as we see through the work of Albina Vision, it can also potentially begin to redress some of the racial inequities that have been baked into our housing system for decades.
In this episode:
- [00:00 - 05:30] Local Portland artist Cleo Davis shares the struggles of gentrification that destroyed the legacy of his community in the historically Black neighborhood of Albina.
- [06:16 - 13:07] Marc Norman, associate professor in affordable housing, breaks down a new wealth-building model called a neighborhood REIT.
- [13:08 - 23:09] Rukaiyah Adams, Board Chair of the Albina Vision Trust, discusses the history of Lower Albina and her hopes that a neighborhood REIT could be one way to help people access the multi-generational wealth that they were denied.
- [23:10 - 25:37] Cleo Davis wraps up with the hope that Albina Vision will be the greatest monument to Black creativity and prosperity that the neighborhood could have.
To see images and videos of topics discussed in this episode, read the link-rich transcript on our Sidewalk Talk Medium page at https://bit.ly/3FhzYQW.
City of the Future is hosted by Eric Jaffe and Vanessa Quirk, and produced by Guglielmo Mattioli. Story editing by Rough Cut Collective and Benjamin Walker. Mix is by Andrew Callaway. Art is by Tim Kau. Our music is composed by Adaam James Levin-Areddy of Lost Amsterdam. Special thanks to Cleo Davis, Marc Norman, Rukaiyah Adams, Winta Yohannes. Annie Koo, Alison Novak, Jesse Shapins, and Chrystal Dean.
Everything Everywhere Daily - The Culper Ring
In 1778, in the middle of the Revolutionary War, while camped outside New York City, General George Washington and Major Benjamin Tallmadge hatched a plan. They created a network of spies that would provide information about British military effort, which could be used by the colonists in fighting the war. It turned out to be pivotal in the war for independence. Learn more about the Culper Ring, and America’s first spy network, on this episode of Everything Everywhere Daily.
Learn more about your ad choices. Visit megaphone.fm/adchoices
NPR's Book of the Day - Murder! Space! James Bond! Chris Hadfield and Anthony Horowitz talk thrillers
Audio Poem of the Day - As I Cross the Heliopause at Midnight, I Think of My Mission
By Matthew Zapruder
The Disconnect: Power, Politics and the Texas Blackout - The Winterizing
Texas lawmakers passed a law earlier this year requiring power plants to winterize — but what does that really mean?
And what about winterizing other things that are needed to make sure the lights don’t go out in a storm again?
39 Ways to Save the Planet - Hydrogen Revolution
It could be the clean fuel of the near future- for homes and for heavy machinery. Lord Bamford, head of JCB, is betting that it will power the next generation of emission-free tractors, diggers and loaders. Tom Heap meets the JCB team and discusses the pros and cons of hydrogen with climate scientist, Tamsin Edwards of King's College, London.
Producer: Alasdair Cross
Researcher: Sarah Goodman
Produced in association with the Royal Geographical Society. Special thanks for this episode to Mickella Dawkins at Loughborough University and from the University of Edinburgh, Dr Katriona Edlmann, Dr Romain Viguier and Dr Ali Hassanpouryouzband.
Everything Everywhere Daily - Episode 500!
Back in July of 2020, a man in the middle of a pandemic decided to launch a new podcast. It would be a daily podcast that would cover, well, everything. It was an ambitious project that everyone told him was crazy to do, but it pushed ahead and did it anyhow. Today, 16 months later, that podcast is celebrating its 500th episode. Learn more about Everything Everywhere Daily on this episode of Everything Everywhere Daily.
Learn more about your ad choices. Visit megaphone.fm/adchoices