During the great recession of 2008, many construction projects nationwide halted. New project proposals slowed to a rate that has not been seen in recent memory. Property values fell nationwide, but some interesting trends were associated with those changes. More Americans are starting to value walkable, close-in neighborhoods, like Eliot, over more car-dependent areas. And these preferences are not just with their hearts but also with their dollars. This was a trend that has been going on in Portland for quite a while, but it is having some real results on the ground in Eliot in the ‘10s.
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