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... 4. "Build institutions"
Professor Michael Madison from the University of Pittsburgh says:
"Pittsburgh is widely held up as a success story in reinvention, hosting the G20 summit in 2009, but it's cashing cheques that were written 50 years ago.""The Allegheny Conference on Community Development (the ACCD) was formed in the 1940s, when some leading steel industry players joined with the city of Pittsburgh and Allegheny County to address some of the city's most pressing environmental and infrastructure issues.
For instance, they banned coal-burning furnaces in homes, to clear the air of smoke, and they created the Port Authority.
Madison says:
"There was a collaborative spirit back in the 50s, and they knew that Pittsburgh would have to reinvent itself. They didn't know how, but put in motion something that we are still benefiting from today."The city's two world-renowned universities, and its $10bn medical centre, also received significant sums of money in the 1950s and 60s.
"Other cities should identify legacy institutions from the industrial era that could provide some skeletal backbone to future prosperity."
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