Selling public property is the true Chicago way. Had Mr. Obama not been elected president, the nation's business journals would be falling over one another to praise his city for its daring, market-friendly innovations.
Thomas Frank, a prominent American journalist and author, praises Chicago's innovative approach to selling public property in this quote. He highlights the city's bold and market-friendly decisions, which would have earned praise from business journals had Barack Obama not become president.
The quote emphasizes the importance of innovative and market-driven approaches to public property management, highlighting Chicago's willingness to take risks and adapt to changing circumstances.
The quote is set in the context of the early 2000s, when Chicago was undergoing significant changes in its approach to urban development and economic growth.
Thomas Frank is a renowned American journalist and author, best known for his work as a columnist for Harper's Magazine and his books on politics and economics.
The quote's emphasis on innovative and market-driven approaches to public property management can be applied to other cities and governments looking to revitalize their urban spaces and stimulate economic growth.
While the quote praises Chicago's approach, it also raises questions about the potential negative consequences of selling public property, such as increased gentrification and displacement of low-income communities.