What City Is This?
September, 2007
WE ALL PAY THE COST FOR THE LOSS OF LOCAL BUSINESSESI grew up in Chicago during the 1970s, when the local economy was tanking. My neighborhood, Old Town, was a bohemian enclave near the center of the city. It was what real estate agents call a transition area, though no one knew which way the transition would go.Joel Zemans staked his future on the neighborhood's revival. In 1976 the 34-year-old University of Chicago graduate became president of Mid-Town Bank, a new community institution situate...
