"Trust Dividend", first Washington, now Providence

The historic Providence riverfront. All of downtown is listed on the National Register of Historic Places. Source: The Slatin Report.

The e-real estate newsletter, The Slatin Report, has an article, "POST- CORRUPTION, A TRUST DIVIDEND," about how billions of dollars of investment in Downtown Providence Rhode Island arrived once the municipal administration most known for corruption was off the scene.

The same kind of monumental change in the real estate investment climate happened in DC once Mayor Williams was elected. The speed at which this happened, combined with a fortuitous increase in demand for urban living, caught most community activists off-guard.