In its early years of establishments, the city experienced great economic prosperity. In 1640, a new government formed. New Haven has seen consistent growth to a community of eight hundred souls. For the hopeful outsider, this consistent growth looked promising. …show more content…
In 1701, New Haven became the home of Yale University. It’s the city’s biggest taxpayer and employer. The ivy league school made New Haven one of the top city in the nation for scholarship. Its’ leading health care, professional services, financial services, and retail trade attracted a lot of newcomers, tourist, and a demand for more urban …show more content…
The Ninth Square spread on the harbor was a center for commerce in 19th and early 20th century. In addition, it was home for many businesses. Over the years, the commercial activities dwindled, decreasing its economical growth. In the 1970’s,when investors wanted to redevelop the Ninth Square, they faced difficulties. It was a time when people were not moving into the cities, and many commercial buildings were becoming vacant, leaving the city with no attraction for businesses or consumers. Nonetheless, investors saw this area as valuable and made the place inviting again. In addition to investors money, a large sum of money was subsidized to build affordable housing. Although there are opposing opinions about this matter, the city of New Haven in a sense was saved. Another 600 units of housing are launching this year in New Haven and another 1,000 units surrounding the Ninth square; all without public subsidization. This is all in the hope of creating and maintaining a flourishing