Washington, D.C.–(ENEWSPF)–June 20, 2012. Yesterday the Center for American Progress released a first-of-its-kind analysis calculating the impact that violent crime rates have on the real estate values and fiscal stability of eight major American cities. The report presents the findings of two respected economists who previously served as economic advisors to presidential candidates Clinton and McCain. Dr. Robert Shapiro of Sonecon and Dr. Kevin Hassett of the American Enterprise Foundation isolated the financial impact of violent crime reductions on residential property values and crime-related municipal expenditures. Based on the results of this innovative investigation, the report’s authors calculate the potential savings and other benefits that property owners and city governments could secure by reducing violent crime.
