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Episode 2507: Margaret Stagmeier ~ TriStar LLC, Best Selling Author Blighted: A Story of People, Politics, and an American Housing Miracle
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TriStar, LLC
According to an Article on Urban Blight by Hamish Champ
"Cities across the globe have experienced urban blight, where districts that have seen a significant downturn in fortunes are abandoned, residential and business properties left vacant. Responding to this change in fortunes is becoming an industry in itself."
What Causes Urban Blight -And What Can Be Done About it" ~ February 2023 blog.bluebeam.com
My Guest This Week Has Success in helping Real Estate Properties & Communities Revitalize
Blighted is a powerful narrative about the decades-long decay and remarkable two-year reinvention of Summerdale, an aging apartment community located in one of Atlanta’s grittiest corridors. From burnt-out, mold-infested buildings to traumatized classrooms, Blighted unfolds in the voices of ruthless drug dealers, phantom tenants, fearless landlords, the working poor, educators, and visionary local leaders.
After purchasing the property from an absentee overseas owner, Marjy Stagmeier and her partners methodically tackled the crisis festering inside the gated 244-unit apartment property. Two years of relentless work later, Stagmeier reveals how the team that she led built community from chaos. Through on-the-ground, in-the-moment interviews with a wide range of stakeholders, Stagmeier demonstrates how marginalized housing perpetuates intergenerational poverty and the collapse of nearby public schools while showing the multifaceted challenges of improving dire living conditions.
Blighted offers a unique insider perspective of the political, human, and economic challenges of delivering equitable housing in a market fueled by inflationary prices, insatiable demand, and competing and often dubious agendas. Summerdale’s success is a bright model of how affordable housing, education, healthcare, and social capital can interconnect to build vibrant, sustainable communities―affordable housing communities, nearby schools, and the community at large. From there, kids, families, working people, and neighborhoods can thrive.
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