In his speech last week endorsing a new highway in the Trinity River flood zone, Dallas Mayor Mike Rawlings threw down a gauntlet. It was sort of a buried line. I guess not everybody heard it. I did.
He said at one point, “I’m a regionalist,” and then he said of people who oppose his view, “For those that feel that way and don’t want the city to grow, I can clearly state, I am not your mayor and you may not feel comfortable in Dallas over the long haul because we are going to grow.”
The worst news those folks ever got was in a speech delivered four years ago to a luncheon meeting of the Downtown Dallas Association by Brookings Institution/University of Michigan scholar and author Christopher Leinberger. He presented objective evidence that the location premium for land — the extra amount people will pay to be in a certain place — has inverted in Dallas and in the nation.
People will now pay more to be in the inner city and less to be in the suburbs. Oops. Looks like the old Dallas moneybags have got their eggs in the wrong basket.