The emerging Cherokee Street neighborhood (not its official name), is getting more and more positive press, both locally and around the country. It's famous for its creative arts and business scene, Mexican restaurants, and historic architecture.
However, while the outside world is paying lots of attention to the street itself, a local online magazine, the Cherokee Street News, is calling attention to the adjacent historic residential areas on the north and south sides of Cherokee.
A current feature at the site presents a range of opportunities to purchase historic residential properties, all at or below $15,000 apiece. That's fifTEEN thousand, not $150,000. To readers of this site from other states, that is not a typo.
At those prices, the market is very soft, or the buildings are in very poor condition, or both. If you're a supporter of the renaissance of Cherokee Street, you have to be concerned about the strength of the real estate market flanking the strip.
Looking at the efforts to revitalize the Cherokee area, especially its supporting residential blocks, what are the key strategies and goals being pursued? I'm asking because I don't know. If you know, please reply in the comments section. Thanks!