Location, location, location” in equitable development
Evaluating the spatial targeting of Chicago’s Opportunity Zones
Bibliographic Data
| ID | 6439050 |
|---|---|
| Authors | Matthew D Wilson (0000-0002-6569-4950, University of Illinois Chicago, corresponding author), T William Lester (0000-0003-2132-8665, San Jose State University) |
| Year | 2023 |
| Volume | 47 |
| Issue | 4 |
| Pages | 1397-1418 |
| Publication date | 2023-07-13 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Urban Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0735-2166 • E-ISSN: 1467-9906 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/07352166.2023.2219005 |
| OpenAlex | W4384129428 |
| Language | EN |
| Citations received | 2 |
| References cited | 14 |
The Opportunity Zone (OZ) program—created in 2017—is the newest federal economic development tool to assist low-income neighborhoods. While the program aims to bring investment to disinvested neighborhoods, the broad eligibility criteria enable OZs to be designated in relatively high-value, high-opportunity areas, ultimately sparking gentrification rather than job creation for low-income residents. This major equity concern with OZs centers on the question of how local policymakers targeted their OZs. In this paper, we develop an index of development potential that accounts for hyper-localized real estate trends and spatial context to gauge the future ability of areas to attract private investment and assess the need for place-based development incentives. We apply this index to assess Chicago’s OZ selection process and find that despite Chicago’s efforts to strategically align OZs to areas of high need, it ultimately designated some OZs in areas that have among the highest development potential in the city and do not require a subsidy to receive future private market investment
Affordable housing · Business · Context (archaeology · Economic growth · Economics · Equity (law · Gentrification · Geography · Incentive · Investment (military · Political science · Real estate · Real estate development · Housing Market and Economics · Regional Economics and Spatial Analysis · Urban Transport and Accessibility · Finance
Location and Land Use
The Spatial Economy
Endogenous gentrification and housing price dynamics
Contested Spaces
How do tax-based revitalisation policies affect urban property development? Evidence from Bronzeville, Chicago
Displacement or Succession
Non-White” Gentrification in Chicago’s Bronzeville and Pilsen
Social Economics
Gentrification, Discourse, and the Body
The racial fix
| Citations per year | 2 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |