Event-The Creative City: A Discussion with Dr. Richard Florida and Dr. Sam Chandan

The NYUSPS Schack Institute of Real Estate hosted a discussion on "The Creative City" with renowned urbanist Richard Florida, author of The Rise of the Creative Class, and Sam Chandan, Larry & Klara Silverstein Chair and associate dean of the NYUSPS Schack Institute. The two experts discussed the future of "The Creative City" and the forces that are reshaping the urban environment and real estate markets today.

Key Takeaways

  • The recipe for great cities does not lie in top-down government programs, but in access to urban amenities like museums, libraries, restaurants, and cafes.
  • The biggest problem facing large, dense cities is how to sustain themselves when the people who perform critical functions like teaching our kids, protecting our safety, and building our buildings can't afford to live there.
  • Although it's unfair to characterize our inner cities as "imploding," there is a dark side to the back-to-the-city movement—namely, that the same forces that power our growth are dividing us.
  • Mayors can help their cities to thrive by building on strengths and addressing weaknesses rather than striving to become the next "Silicon Somewhere."
  • Since cities like New York have run out of physical frontier, the new frontier must be re-urbanization (i.e., remedying the inefficient use of space within offices and residential housing).
  • The future agenda of urban policy "makes the New Deal look small." It requires a national strategy that recognizes the vital role of cities in our economy.