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Financial Times @FinancialTimes
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Thread: Millennial migration is redrawing the map of America on.ft.com/2KmhVgl
1/ Proximity to the traditional centres of finance, tech or industry is less important to the millennial generation than access to an attractive quality of life and a community of like-minded people. Few places tell this story better than Denver on.ft.com/2KmhVgl Francesco Spitaleri and Aliaksandra Spitaleri at the City O' City restaurant in Denver, ColoradoRobert Mitchell at East High School in Denver, ColoradoBrandé Micheau at the Prodigy Coffee shop in Denver, ColoradoCo-Founders of RampUp Jason Ayachi and Morgan O’Malley at the WeWork cowering space in Denver, Colorado
2/ The Colorado capital may not, yet, be the centre of the universe — but its middle-of-the-country location, affordable universities, plentiful jobs and easy access to the Rockies have drawn tens of thousands of millennials in recent years on.ft.com/2KmhVgl
3/ Cities like Denver that are gateways to the great outdoors have obvious appeal to employees looking to bike to work and get to the slopes in their free time, observes Luis Benitez, who now runs Colorado’s Outdoor Recreation Industry Office on.ft.com/2KmhVgl
4/ However, Denver now has a shortage of affordable housing, gentrification that is excluding some minority populations, the connected problems of addiction and homelessness, and lengthening traffic jams on.ft.com/2KmhVgl Chart showing rise in US house prices since 2006
6/ A divide has opened up, along racial lines, as Denver’s property riches have been unevenly shared among ethnic groups on.ft.com/2KmhVgl
7/ Denver’s investments in affordable housing have struggled to keep up with demand. Property taxes have risen with prices, making traditional African-American neighbourhoods unaffordable to people who grew up there on.ft.com/2KmhVgl Quote by Brandé Micheau, 38, a legal investigator and Denver native
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