Thursday, October 06, 2005

Developers moving in in Mississippi

“We could have gotten $140,000 prior to the storm,” says Gary, “and we're taking an offer of $170,000 now.”

It's widely believed here that developers will soon buy up whole blocks of destroyed homes to make room for lucrative casinos, condos and entertainment complexes. But in damaged low-income neighborhoods, renters fear they will be edged out for good.
New Orleans is in for the same thing. Good for some, not so good for many more.

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