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An Honorary Society Providing a Forum for the Advancement of Land Economics

October 2004

An Honorary Society Serving as a Catalyst for the Advancement of Land Economics


Featured Stories
Sacramento-Napa Weekend Experience - Register Now
Friday, November 12 – Saturday, November 13
Special Hotel Rate Until October 27

Highlights:

• Welcoming luncheon with Sacramento Mayor Heather Fargo (invited) and Presentation on the Blueprint Project by SACOG Executive Director Marty Tuttle.

• Mobile Workshop Friday afternoon of new downtown housing by John Dangberg, CADA, and a presentation by the Millennia Associates of the Railyards and tour of the Sacramento Terminal Central Shops.

• Foundation KeyNote dinner Friday evening. KeyNote speaker - Bob Smiley, professor and emeritus dean, Graduate School of Management, University of California at Davis on the Economics of the California Wine Industry. KeyNote speaker sponsored by LAI Land Economics Foundation.

• Napa Valley tour beginning Saturday afternoon featuring Copia – American Center for Wine, Food and the Arts, a tour and wine tasting at the Regusci Winery, and before dinner we will have a wine and cheese reception followed by dinner at the acclaimed Ristorante Tra Vigne in St. Helena.

Read More about the weekend....

[Click Here] to register for the Sacramento-Napa Weekend Experience Online

or [Click Here] to register by mail

Letter from the President

Larry Lund at Chautauqua, NY
The Sacramento Weekend Experience is quickly coming up, so it is time to register. The Sacramento Chapter has a great program including plenty of opportunity to sample the grapes in Napa Valley. The Hyatt Regency, our host hotel, is across from the Capital allowing for easy sightings of the Governor as well as providing an outstanding room rate for the Weekend event. Our special rate of $99 a night single or double is only good until October 25, so reserve now!

The accompany photo to this months article has me sitting on the veranda of the Athenaeum Hotel at the Chautauqua Institution. After visiting Richard T. Ely's birthplace in Fredonia, NY last month, we drove to Chautauqua, NY about thirty miles away.

Chautauqua has a very special place in the history of Ely. Not only did he find it a place to relax from his teaching at Johns Hopkins University, but as a place to write. Chautauqua, founded under a Methodist influence, it is now an ecumenical institution. It was founded in 1874 and by 1880 it gained a national reputation for the open discussion of political ideas, international relations, literature and science. Ely joined the Chautauqua in 1884 continuing for seven years. The Chautauqua Press was responsible for many of Ely's major works including Introduction to Political Economy, which was the top selling book nationally before Samuelson's book on economics that so many of us are more familiar.

During my brief visit, I had an opportunity to examine the Chautauqua archives and found several articles by Ely from early newspapers and I look forward to the opportunity of going back and spending more time, possibly taking classes and looking into the rich legacy that Ely left. I also want to take more time comparing the development of this very special place from a planning perspective. Across the lake from the Institution is another religious community designed by Frederic Law Olmsted -- Point Chautauqua. In today's vernacular I found these two contemporary communities a wonderful contrast between New Urbanism and Naturalism.

On the evening of November 17, the Chicago Ely Chapter continues to honor the spirit of open investigation of ideas fostered at Chautauqua by conducting one of their semi-annual "Chautauqua" events. This session will be on the economics of historic preservation.

One of the great pleasures for me of being a member of Lambda Alpha is getting to know people from different parts of the country. A few weeks ago a special housing conference brought Lambda Alpha members, Tara Clifford from Baltimore, Helen Sause - president of the Golden Gate San Francisco Chapter, and Elizabeth Morris from San Diego to Chicago. We were able to find some free time and talk about the Chicago's experiment in transforming public housing.

On October 20th, I will be the guest of the George Washington Chapter at their initiation banquet dinner where I look forward to sharing the spirit of Lambda Alpha with our new members.

I hope that the new members of the George Washington Chapter as well as all our members worldwide, take advantage of our Weekend Experiences and share the spirit of our organization to both learn and develop friendships that will help all of us create a better environment.

See you in Sacramento!

Larry International President
LarryLund@LAI.org
312-751-1250

Editor's Column

As we approach the national elections, it is notable to remind ourselves that presidents rarely have a major impact on the state of the economy. Presidential terms fall within typical real estate cycles. Some presidents, like Reagan and Clinton, were blessed with rising economies while others like Sr. Bush and Carter were cursed by downturns of the cycle on their watch.

This election is no different than any others, except for one exception: The exception is that the economy is going through a severe structural change in its employment composition. During the last few years we have seen a remarkable "wringing out" of capitalistic excess in terms of spending on wages in America.

Outsourcing is a drop in the bucket compared to the efficiencies that have evolved in the economy and particularly the manufacturing sector in the past decade. Companies have invested heavily in new capital equipment and have also gradually developed changes in methodology that have allowed them to dramatically increase levels of production without increasing employment, or, even with fewer employees. Our productivity is rising and that is good, but it has meant hardships for wage earners.

Most of these hardships have hit hardest in the rustbelt, those states that once dominated the major labor-intensive industries. Those jobs have moved southward to union-free, warm weather states below the Mason-Dixon Line.

The president is not to blame because our jobs have not been bouncing back at a 2,000,000+ annual rate as they have after past recessions. Service and retail jobs are expanding as usual, but the once-heart of the economy - the manufacturing sector-is not bouncing back nor will it.

In the past five years, this nation has lost 2,900,000 manufacturing jobs. On a net gain basis, total wage and salary jobs have expanded by 2,042,000. In other words, we have gained almost 5,000,000 jobs in industries other than manufacturing. And that's good, but the odds of manufacturing regaining is 2,042,000 lost jobs is rather poor, to say the least.

For that reason, we can anticipate that no matter who is president that our economy will not bounce back to the good old recovery days. The only reasons why our economy is growing is that the construction industry continues to boom and our national population continues to grow. If it were not for those two factors, our economy would be in the doldrums indefinitely. May the best man win.

Alan Nevin
International Editor
anevin@marketpointe.com



Chapter Corner

Chicago-Ely Chapter

Chicago-Ely Chapter's Fall Chautauqua is "How do we Value Historic Preservation?"

The Chautauqua will examine the evaluation process for historic landmarks by a municipality and examine the weighing of landmark status upon the value of the building to the owners and the benefits to the public.

The program will include:

Bob Wislow, President of U.S. Equities
Bob Brueggeman, Professor, University of Illinois, Chicago
Rick Wendy, Attorney with Piper Rudnick
Brian Goeken, Director of the Landmarks Division of Chicago's Department of Planning and Development
Dick Roddewig, President of Clarion Associates, Inc.
Joe Antunovich, President of Antunovich Associates and Chair of the Landmarks Preservation Council of Illinois.

The program is Wednesday evening November 17, 2004 at 5 PM at Chicago Athletic Association. Cost is $50 for dinner. For more information call 312-726-4030

San Diego Chapter

The University of San Diego proudly announces the formation of the Burnham-Moores Center for Real Estate. The Center has gotten underway with a gift of $5,000,000 from founders Malin Burnham, Burnham Real Estate and JMI Investments (Exec Vice President, John Kratzer). The Center is one of 16 universities in the U.S. to offer a Master of Science degree dedicated to real estate. Heading up the program is Dr. Mark J. Riedy. Messrs. Burnham, Kratzer, Riedy are all Lambda Alpha members as are several other persons involved in the program including Gary London and Alan Nevin. To learn more about the program, go to their web-site at: www.usdrealestate.com.

Announcements

New Members

Baltimore Chapter

Ina B. Singer, Retired

London Chapter

Ronald Alexander Cruickshank, Routes Business Cartographers Ltd.

Lambda Alpha International Student Association at Virginia Commonwealth University

Carl Stephen Albis
Brian Bock
Kristen Davis
Lindsey Floyd
Rashad Gresham
John Hauserman
Nicholas Hill
Tamara Jones
Vik Murthy
Woni Nelson
Justin Rosner
Sheba Scott
Ali Semir
Elssa Solomon
Walter Jennings Wash


Featured Stories

Sacramento-Napa Weekend Experience

Letter from the President

Editor's Column

Chapter Corner

Chicago-Ely Chapter

San Diego Chapter

Announcements

New Members

[Click Here] to register for the Sacramento-Napa Weekend Experience Online

or [Click Here] to register by mail


Online KeyNotes is published monthly for members of Lambda Alpha International.

Editor: Alan Nevin, San Diego Chapter

Production Manager: Michele Meng

Webmaster / Designer: Josh Kent

For more information about LAI activities, visit the website or contact the International Office: Terry Stevenson, Executive Director 710 East Ogden Avenue, Suite 600 Naperville, IL 60563
p: 630/579-3284
f: 630/369-2488 lai@lai.org
209.224.198.102





LAMBDA ALPHA INTERNATIONAL
An Honorary Society Serving as a Catalyst for the Advancement of Land Economics


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