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Artists, Low Rents, and Economic Development
I've been having conversations with a number of folks in town, people 10 and 20 years older than I, who remember when NW 23rd was funky, low rent. And then the Pearl. And now I'm joining the conversation with them about the Central Eastside. I think many would agree there is a trend taking place in most cities where artist move in, developers follow, and artist are priced out. How about the City of Portland recognize the artists for their part in Economic Development of city districts (in this case the CEID) by providing protections from being priced out of low rent areas. Take some of that additional monies earned from increased property value (after development) to kick back to the arts community in the form of public art commissions, affordable live/work space (low amenity spaces, not condos), performance and exhibition space, and other grant opportunities. What study do we need to prove this economic trend is real. I've seen it in San Francisco, parts of Chicago, New York, Seattle, and of course here in Portland. The CEID will not be the vibrant place it is today if the development trend continues. I for one cannot afford $15 per square foot!