Posted Wednesday, May 21, 2008
The foreclosure crisis is sort of like a horror film for economic development types: just when you think you know how bad it is, it gets worse. As Cuyahoga County Treasurer Jim Rokakis says, "You're talking about dealing with a problem that really nobody has had to deal with before. You're talking about thousands of properties being dumped into a market." This week, ideastream®'s Mhari Saito is filing daily reports on previously untold angles of the sub-prime mess. She joins us along with others to talk about the latest fall-out: lowering property values plans to cut city services, and an underground economy trading in blighted properties. Join the conversation, Wednesday morning at 9 on 90.3.
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