Cheves aptly opens w/ Shevawn Akers, a former CouncilMember who is a realtor (as a large % of our publicly elected servants are).
Don't think he gets it, but readers should the cycle at work here:

1/
1st, city council, mayor, media expend public money and other capital to project Lex as a tourist brand (Rupp, horsey subs, Main Street subs including world class bike trails, promoting hot 'hoods like NoLi getting purchased by the real estate children of horse-farm owners).
2/ Image
That tourist brand money, incidentally, has run above $1 billion over the past 15 years--well more than the city has spent on any other thing besides police (who are needed to maintain order for tourists).
3/ Image
2nd, people with access to money and an interest in degrading 'hoods get to capitalize off that publicly subsidized brand. Note former CM Shevawn Akers description of her investment.

As CM, Akers was directly engaged in supporting NoLi/downtown brand she now makes $$$ from! Image
Finally, repeat. Repeat. Repeat. Here's the big idea pushed by Akers' replacement on Council. It's located down the block from 2 of Akers' Air BnBs.

noclexington.com/malga-industri…

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More from @noclexington

Oct 20
More valuable reporting.

In future, one hopes that these big tax breaks that use low-income census to extract wealth are _included_ w/ equal tax extractions like TIF, IRBs, non-profit grants, etc., which mine the same city territory. Image
Urban poverty mining has been NoC's focus for quite some time, but also completely ignored by @pbaniak's paper.

21C mining of poverty (TIFs, Section 108 loans) from 2013: noclexington.com/let-them-eat-a…
Non-profit groups mining the northside in exchange for grants and community power from 2020:

noclexington.com/rise-of-the-st…
Read 5 tweets

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