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Federal Reserve Bank of Richmond: Richmond Fed Publication Explores the Reinvention of Downtowns
RICHMOND, VA (MARKET WIRE) There was a time when downtowns were the center of economic life in nearly every American city. Those days are gone, but some downtowns are making a comeback. In the cover story of the latest Region Focus, a visit to the bustling, rejuvenated downtown in Greenville, S.C., reveals how city centers are reinventing themselves. The most successful have transformed into niche markets, catering to young professionals and empty nesters.