Quote:
Originally Posted by Uptowner
Couldn't have said it better. I'm all for optimism, but there rarely seems to be any reality to substantiate it around here and anyone who has a doubt is instantly cast as opposition.
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I'm skeptical too, and I don't think we should be putting all our eggs in the medical basket. Tons of other cities are going after these types of research facilities, and there's only so much government funding available. It's hard for me to think of a major city that ISN'T trying to develop a medical research sector, but not every city can be a leader, and the ones that aren't leaders aren't gonna see their economies revitalized.
New Orleans needs to be attracting other types of businesses as well - manufacturing, energy (green and non-green), technology, etc. I'm not an industrial consultant but I do know that the most resilient cities are the ones with the most diversified economies. We got seriously burned in the 80s after we went all in on the oil industry - we can't do that again. There's no magic bullet for civic success, but the number-one rule is to diversify so that problems in a given industry don't take down the whole city.
To the extent that the BioDistrict allows us to line up support behind new infrastructure, that's great. I don't think we can or should rely on huge medical-sector growth, though.
I'm also really disappointed with the flow of unique resources from the city into the suburbs... just today, the T-P reported about how the American-Italian Research Library is moving to Metairie. WTF? That's exactly the kind of special resource that should be clustered in the CBD/Warehouse area, especially considering that the central area contains exactly the kinds of hotels and restaurants that a visiting researcher might patronize.