Akron, Ohio’s subsidies for redevelopment of the failed Rolling Acres mall are a textbook case of the sunk cost fallacy: the tendency to examine new opportunities not on their own merit, but in the context of past investments.
With a modest investment and a lot of heart, communities are transforming homes and moving entire neighborhoods towards a better future.
When the housing market is depressed and you can’t get a return on your investment, there is little incentive to put any money into improvements. It’s a vicious cycle that several Akron nonprofits are trying to break.
To visit the Hapi Fresh Farmer’s Market in Akron, Ohio, is to see the beginning of a journey. Seeds have been planted to draw in more residents, more businesses, and to nurture a return to prosperity for the neighborhood.
What’s the impact of a university campus on your city’s downtown? Akron, Ohio offers a valuable illustration.
A strong, diversified local business community means a strong, economically prosperous town. But how do you get there?
A pop-up music venue is making a big impact in Akron, Ohio.
For a struggling city, negative perceptions from with the community can send it into a spiral of decline. It takes a major shift in perspective to get the city back on track.
Akron, Ohio offers a shining example of the many benefits of street trees.
When a neighborhood commercial street comes back to life, the whole city benefits.
…even when they get rid of a few parking spots in the process.
A neglected church building in Akron, Ohio has been transformed into a hub for nonprofits, innovation and community.
After the crowds clear, what type of long-term impact does a public event leave in its wake?
A vacant house becomes a resource and community space for immigrants, visitors and neighbors.
How can city governments and neighborhood groups work together effectively to make their town stronger?
In Akron, Ohio, local leaders are taking steps to ensure that vacant spaces can be filled and new businesses can thrive.
What does putting up lawn chairs and chalking lines down the street actually accomplish?
Good food and good community are helping to shape a successful downtown.
A unique competition at the University of Akron enables students to realize their entrepreneurship dreams.
Strong citizens take pride in the micro as well as the macro, from their front lawn to the city in which they live.