Word: laning
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Dates: during 1960-1969
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Cleveland is seriously considering a $1.2 billion Lake Erie jetport built on 1,050 acres of landfill and protected by breakwaters, dikes and cofferdams. Although it would lie a mile offshore, a ten-lane causeway with provision for public transit would link it with the city's center, and feeder airlines would connect with cities as far away as Toronto...
...Lane decided that his bank, the biggest in the Deep South (assets: $1.5 billion), should become deeply involved in increasing home ownership and black capitalism in deprived areas. As a first step, he devised "the Georgia Plan," which starts with local cleanup drives and leads to high-risk improvement loans...
...bank has also mounted cleanup campaigns in the Negro neighborhoods of Valdosta and Albany, Ga., where thousands of blacks and whites together swept up and carted away hundreds of tons of junk. When the campaign was repeated in Savannah, some 30,000 people showed up to participate. Last week Lane introduced his plan to seven other Georgia cities, including Atlanta...
Discovery in Jamaica. Until recently, Lane, 57, was a political conservative with segregationist sympathies. His dealings with non-U.S. blacks over the last two years, when he helped organize the Jamaica Citizens Bank (49% owned by Citizens & Southern), radically changed his outlook. Back in the U.S., he drove around the slums of his native Savannah and was appalled by what he saw. "It is high time," he said, "that we get around to emphasizing what a person...
...Lane is prepared to lend $15 million in the poor neighborhoods and spend $1,000,000 a year in cleanup campaigns. He also intends to expand his program far beyond that by seeking such large depositors as the Ford Foundation and converting their money into high-risk loans. "Lowincome people need money," says Lane, "and the banks have got to give it to them...