WMFE: Weak Property Values Slow Orlando's Recovery Years After Recession
Sluggish property values remain Orlando's biggest problem as the city recovers from the Great Recession. That's according to a report Monday from The Pew Charitable Trusts. But the report says the recession really didn't hit Orlando, like many cities, until two years after it ended in 2009.
The report examined how the nation's 30 largest cities – including Orlando – got through the worst recession since the Great Depression.
Kil Huh directs Pew's work on state and local fiscal health. He says the recession didn't hit many cities immediately because of the way property assessments are done.
Read the full article at wmfe.org.
- American Cities Project