For release: December 22, 2003
Contact: Kathy Woodbury at (215) 574-4119
PHILADELPHIA - Many U.S. cities are facing a shrinking tax base and losing residents, workers, and jobs to their suburbs. Strategies for addressing these issues will be discussed during "Reinventing America's Older Communities," a conference hosted by the Philadelphia Federal Reserve and its partners that will take place January 14-16 in Philadelphia.
The program includes Richard D. Baron, chairman and CEO of McCormack Baron & Associates, St. Louis, who will speak about how his firm has helped galvanize cities through large-scale redevelopment.
Bruce Katz, founding director and vice president of The Brookings Institution, Washington, D.C., will talk about the rapid growth of suburbs and its impact on core cities using his case study of Pennsylvania. Robert P. Inman, professor of finance at the University of Pennsylvania, will answer the question: "Should Suburbs Help Their Central City?"
"Whether older cities are big or small, they need to compete with suburbs and make themselves the best place to live and work. This conference will explore how other communities have succeeded after facing similar problems. Many conferences touch on the subject of downtown revitalization, but this conference will devote its entire agenda to community revitalization and focus on strategies that can have a real impact on our cities," said Dede Myers, Philadelphia Fed vice president and community affairs officer.
Co-sponsors are the Brookings Institution, the Delaware Valley Regional Planning Commission, Fannie Mae, Funders' Network, the Local Initiatives Support Corporation, The Reinvestment Fund, Smart Growth America, and the William Penn Foundation.
Press interested in attending the conference can register by calling Philadelphia Federal Reserve Assistant Media Advisor Kathy Woodbury at 215-574-4119 or Media Advisor Marilyn Wimp at 215-574-4197. The deadline is Monday, January 13, 2004 at noon.