What happened over the next decade was as shocking in reality as it was predictable in theory. Old Pasadena staged a brilliant revival, while Westwood Village entered a steady economic decline that continues to this day. Now residents of Westwood drive to Old Pasadena to shop. Westwood’s curbs are crumbling, while the sidewalks of Old Pasadena boast new tree grates, fancy lighting, and street furniture. Not only does each parking meter in Pasadena generate an average of $1,712 in annual revenue for the city, but sales tax receipts are way up. Indeed, the city’s sales-tax revenue tripled in the
...more

