KILLING HUNDREDS OF BUSINESSES WAS A CRIME
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.
URBAN DEVELOPMENT PATTERNS
Photos: Amy Stelly