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THE RISE, FALL,
AND RISE
AGAIN OF
MIDWESTERN
TOWNS
MICHAEL ZARANSKY
MICHAEL
ZARANSKY
THE IMAGES OF RUST
BELT CITIES HAUNT
AND AMAZE
BUSINESS INSIDER
PREDICTS THAT THE
BOTTOMED-OUT HOUSING
MARKET IN SUCH RUST
BELT CITIES AS
MILWAUKEE, CHICAGO,
INDIANAPOLIS, DETROIT
AND CLEVELAND WILL
MAKE A COMEBACK OVER
THE NEXT 20 YEARS.
MICHAEL
ZARANSKY
CHICAGO
175,415 - 80,000
POPULATION
DECREASE
MICHAEL ZARANSKY
170,000 - 66,000
OHIO
MICHAEL
ZARANSKY
SOUTH BEND, IND.,
SAW ITS FORTUNES
SAG WHEN
STUDEBAKER — ONE
OF AMERICA’S FOUR
LARGEST
AUTOMAKERS THE
FIRST HALF OF THE
20TH CENTURY —
WENT OUT OF
BUSINESS BACK IN
1963.
SUCCESSFUL PARTNERSHIP
UNIVERSITY OF NOTRE DAME AND
THE MEMORIAL HOSPITAL OF SOUTH
BEND
NOTRE DAME DEVELOPED
INNOVATION PARK
JOINED WITH FIVE PUBLIC AND
PRIVATE PARTNERS TO BUILD A
TURBOMACHINERY FACILITY IN
IGNITION PARK
MICHAEL
ZARANSKY
MICHAEL
ZARANSKY
GALENA, ILL
Once a lead-mining center
Sagged when the steamship was supplanted by
railroads as a major transportation mode in the
late 19th century
It too shrank, from 12,000 inhabitants to 3,500
But it reinvented itself as a tourist destination 
Today the town has more than a dozen live
music venues and art galleries, a riverfront
walkway that entices people to ride bikes and
run, and the river itself offers the fun of fishing
and boating
MICHAEL
ZARANSKY
ITS FELLOW RUST BELT BRETHREN HAVE HOPE
FOR SIMILAR COMEBACKS — THAT IN THE
COMING YEARS NEW IMAGES WILL, FINALLY,
SUPPLANT THE OLD HAUNTING ONES WITH
LIVELY, THRIVING, VIEWS OF TOWNS
REJUVENATED
THANK YOU
MICHAEL ZARANSKY

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The Rise, Fall, and Rise Again of Midwestern Towns

  • 1. THE RISE, FALL, AND RISE AGAIN OF MIDWESTERN TOWNS MICHAEL ZARANSKY
  • 2. MICHAEL ZARANSKY THE IMAGES OF RUST BELT CITIES HAUNT AND AMAZE
  • 3. BUSINESS INSIDER PREDICTS THAT THE BOTTOMED-OUT HOUSING MARKET IN SUCH RUST BELT CITIES AS MILWAUKEE, CHICAGO, INDIANAPOLIS, DETROIT AND CLEVELAND WILL MAKE A COMEBACK OVER THE NEXT 20 YEARS. MICHAEL ZARANSKY
  • 5. MICHAEL ZARANSKY SOUTH BEND, IND., SAW ITS FORTUNES SAG WHEN STUDEBAKER — ONE OF AMERICA’S FOUR LARGEST AUTOMAKERS THE FIRST HALF OF THE 20TH CENTURY — WENT OUT OF BUSINESS BACK IN 1963.
  • 6. SUCCESSFUL PARTNERSHIP UNIVERSITY OF NOTRE DAME AND THE MEMORIAL HOSPITAL OF SOUTH BEND NOTRE DAME DEVELOPED INNOVATION PARK JOINED WITH FIVE PUBLIC AND PRIVATE PARTNERS TO BUILD A TURBOMACHINERY FACILITY IN IGNITION PARK MICHAEL ZARANSKY
  • 7. MICHAEL ZARANSKY GALENA, ILL Once a lead-mining center Sagged when the steamship was supplanted by railroads as a major transportation mode in the late 19th century It too shrank, from 12,000 inhabitants to 3,500 But it reinvented itself as a tourist destination  Today the town has more than a dozen live music venues and art galleries, a riverfront walkway that entices people to ride bikes and run, and the river itself offers the fun of fishing and boating
  • 8. MICHAEL ZARANSKY ITS FELLOW RUST BELT BRETHREN HAVE HOPE FOR SIMILAR COMEBACKS — THAT IN THE COMING YEARS NEW IMAGES WILL, FINALLY, SUPPLANT THE OLD HAUNTING ONES WITH LIVELY, THRIVING, VIEWS OF TOWNS REJUVENATED