In a CNN Money
feature titled "The Fortune Crystal Ball," the publication offers up its prognostications for the coming year, among them: Which cities will be the next Brooklyns, and which the next Detroits. Spoiler alert: Cleveland is pegged as a "Brooklyn."
"The American geography of prosperity has been driven by two big narratives in the past few years. On the one hand, there's Detroit, with its $18 billion in debt, pension mess, and population loss. On the other, there's Brooklyn, with its rocketing real estate prices, hip-luxe condos, and freshly foraged food stores," notes the money pub.
So, just what cities are deemed a "breakout town"?
Cleveland. The city is in the midst of a downtown revival that has seen not one, not two, but three Williamsburg-esque neighborhoods emerge: Tremont, Ohio City, and Gordon Square.
Odds of it becoming the "next Brooklyn" are placed at 63%.
Read the rest here