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Lockhart Says Urban Neighborhoods Can Thrive Amid Weak U.S.

Federal Reserve Bank of Atlanta President Dennis Lockhart said downtown neighborhoods, including the midtown district surrounding the Atlanta Fed’s headquarters, can thrive in a poor U.S. economy.

“Even in a relatively weak economy, I think this should be a great time for midtown,” Lockhart said in a speech to the Midtown Alliance in Atlanta today. “Increasingly dynamic urban districts drive the economy and social progress. They are rich beehives of creativity, innovation and economic activity.”