Kansas City seeing effects of foreclosure crisis | McClatchy Washington Bureau

×
Sign In
Sign In
    • Customer Service
    • Mobile & Apps
    • Contact Us
    • Newsletters
    • Subscriber Services

    • All White House
    • Russia
    • All Congress
    • Budget
    • All Justice
    • Supreme Court
    • DOJ
    • Criminal Justice
    • All Elections
    • Campaigns
    • Midterms
    • The Influencer Series
    • All Policy
    • National Security
    • Guantanamo
    • Environment
    • Climate
    • Energy
    • Water Rights
    • Guns
    • Poverty
    • Health Care
    • Immigration
    • Trade
    • Civil Rights
    • Agriculture
    • Technology
    • Cybersecurity
    • All Nation & World
    • National
    • Regional
    • The East
    • The West
    • The Midwest
    • The South
    • World
    • Diplomacy
    • Latin America
    • Investigations
  • Podcasts
    • All Opinion
    • Political Cartoons

  • Our Newsrooms

You have viewed all your free articles this month

Subscribe

Or subscribe with your Google account and let Google manage your subscription.

Economy

Kansas City seeing effects of foreclosure crisis

Michael Mansur - The Kansas City Star

October 06, 2009 07:16 AM

Fueled by the foreclosure crisis, the number of vacant buildings in Kansas City has spread like the real estate version of a pandemic flu.

In just one year, city officials say, the number has exploded by 2,000 to more than 7,500 empty or abandoned structures. That figure doesn't include thousands of empty lots.

"It's staggering what is happening," said Cindy Circo, who represents some of the hardest-hit neighborhoods in Kansas City’s East Side.

The problem touches every area, from as far north as Kansas City International Airport to portions of Kansas City that are south of Grandview. But it most dramatically affects the urban core, where some streets may have only one occupied home left.

This summer, Forbes magazine helped focus city leaders on the problem, naming Kansas City the nation's most "abandoned city" because of high rental and homeowner vacancy rates.

City officials and others are critical of the study, saying Kansas City certainly is not the nation's most abandoned city. It pales in comparison to Detroit, Baltimore or troubled Rust Belt centers such as Cleveland, or even smaller towns such as Youngstown, Ohio.

But the study woke up Kansas City leaders.

"No one really realized Kansas City has that significant of a problem," said Julie Porter, executive director of the Greater Kansas City LISC (Local Initiatives Support Corp.), a community development organization. "And the foreclosure crisis has made it much worse. Lots and lots of vacancies."

To read the complete article, visit www.kansascity.com.

Read Next

Video media Created with Sketch.

Policy

Are Muslim-owned accounts being singled out by big banks ?

By Kevin G. Hall and

Rob Wile

December 17, 2018 07:00 AM

Despite outcry several years ago, U.S. banks are back in the spotlight as more Muslim customers say they’ve had accounts frozen and/or closed with no explanation given. Is it discrimination or bank prudence?

KEEP READING

MORE ECONOMY

National

The lights are back on, but after $3.2B will Puerto Rico’s grid survive another storm?

September 20, 2018 07:00 AM

Investigations

Title-pawn shops ‘keep poor people poor.’ Who’s protecting Georgians from debt traps?

September 20, 2018 12:05 PM

Agriculture

Citrus disease could kill California industry if Congress slows research, growers warn

September 11, 2018 03:01 AM

Politics & Government

The GOP’s new attack: Democrats wants to ‘end’ Medicare

September 07, 2018 05:00 AM

Economy

KS congressman: Farmers are ‘such great patriots’ they’ll ride out Trump trade woes

August 30, 2018 02:17 PM

Midterms

Democrats’ fall strategy: Stop talking Trump

August 24, 2018 05:00 AM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

McClatchy Washington Bureau App

View Newsletters

Subscriptions
  • Newsletters
Learn More
  • Customer Service
  • Securely Share News Tips
  • Contact Us
Advertising
  • Advertise With Us
Copyright
Privacy Policy
Terms of Service