Some good notes from the American Conservative:
Auto-based development patterns follow a now familiar cycle of growth, stagnation, and then rapid decline. During the growth phase, when everything is shiny and new, the affluent move in and enjoy the prosperity of a place on the rise. But as those random failures emerge and things start to decline, those with the means to move on tend to do so, leaving behind cities of dwindling wealth. As the decline steepens, local governments borrow money in the hopes that their revenue problems are simply a temporary cash-flow crunch. The result over decades, however, is an insolvent city with huge debts serving an impoverished population poorly situated to bear the financial burdens of an auto-dependent existence.