CLAIBORNE AVENUE ALLIANCE DESIGN STUDIO
KILLING HUNDREDS OF BUSINESSES WAS A CRIME
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One of the biggest tragedies of building I-10 was that it laid waste to the businesses on Claiborne. Hundreds of businesses were lost, beginning more than 50 years of disinvestment - the reduction or elimination of capital investment marked by a cessation of business activity. To make matters worse, researchers at the National Community Reinvestment Coalition (NCRC) have found systematic disinvestment in majority African-American neighborhoods while investment flows to areas with fewer African Americans. Sadly, this points to a pattern of neighborhood segregation and activities by lenders that perpetuate disinvestment. Until our financial institutions make a full and genuine commitment that creditworthy borrowers, regardless of their skin color, will be able to access responsible credit, the economies in these neighborhoods will continue to deteriorate.
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URBAN DEVELOPMENT PATTERNS
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Photos: Amy Stelly