Image Source: Video Parachute
Chicago’s West Side has been robbed of equitable investment for generations — and it has left legacy Lawndale residents with little economic opportunity, according to a new study.
Researchers found $124 million leaks out of Lawndale each year, seriously impeding community wealth building, said Teresa Cordova, director of the Great Cities Institute. That loss occurs through workers who live outside the neighborhood but earn money within Lawndale, or when “residents in the community must spend their money outside the community for basic necessities,” Cordova said.
“You want dollars circulating through your community. If those dollars are leaving … there are conditions created by the absence of that wealth,” Cordova said.
