• Print
  • Email

Working Papers, No. 2022-29, July 2022 Crossref
Destruction, Policy, and the Evolving Consequences of Washington, DC’s 1968 Civil Disturbance

We study the aftermath of the 1968 Washington, DC civil disturbance to illuminate the mechanisms that drive urban redevelopment in the presence of low demand and racial tension. After establishing that civil disturbance property destruction was quasi-random within blocks, we show that destroyed lots were more likely, relative to other lots on the same block, to remain vacant for the next thirty years. We also show that destroyed lots have only recently converged in terms of structure value. Our theoretical framework suggests that the city sought to preclude for-profit land owners from leaving land vacant until demand conditions improved. As a result, the city purchased half of all properties in damaged neighborhoods and aimed to accelerate redevelopment, even if new structures were low value.

Working papers are not edited, and all opinions and errors are the responsibility of the author(s). The views expressed do not necessarily reflect the views of the Federal Reserve Bank of Chicago or the Federal Reserve System.


Register to receive email alerts when new issues are published.

Subscription Signup

Your request has been submitted. Please tell us more about yourself.

Subscription More Info
Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2024. All rights reserved.

Please review our Privacy Policy | Legal Notices