Full disclosure: I have not been uncritical of the renaming of 8th Av., which I believe was mishandled and not thoughtfully implemented, but I can find no hard evidence to suggest that naming streets has any affect on changes in property values.
Sunday, December 21, 2008
A Werthan Mills resident assumes there is a devaluing "minority stigma" associated with the name change of 8th Av. to Rosa Parks Blvd. His argument looks like a variation on the "black people lower property values" meme. I've lived in a mostly African American neighborhood adjacent to Werthan Mills for going on 5 years now and my property values have consistently gone up, and if they go down lately I believe it has more to do with the policies of George W. Bush than the name of Ms. Rosa Parks.