gentrificationˌdʒɛn trə fɪˈkeɪ ʃən
gentrification (n)
English Definitions:
gentrification (noun)
the restoration of run-down urban areas by the middle class (resulting in the displacement of low-income residents)
gentrification (Noun)
The process of renewal and rebuilding accompanying the influx of middle class or affluent people into deteriorating areas that often displaces earlier usually poorer residents.
Gentrification
Gentrification is a dynamic that emerges in poor urban areas when residential shifts, urban planning, and other phenomena affect the composition of a neighborhood. Urban gentrification often involves population migration as poor residents of a neighborhood are displaced. In a community undergoing gentrification, the average income increases and average family size decreases. This generally results in the displacement of the poorer, pre-gentrification residents, who are unable to pay increased rents, and property taxes, or afford real estate. Often old industrial buildings are converted to residences and shops. New businesses, which can afford increased commercial rent, cater to a more affluent base of consumers—further increasing the appeal to higher income migrants and decreasing the accessibility to the poor. Often, resident owners unable to pay the taxes are forced to sell their residences and move to a cheaper community. Political action, either to promote or oppose the gentrification, is often the community's response against unintended economic eviction. However, local governments may favor gentrification because of the increased tax base associated with the new high-income residents, as well as because of other perceived benefits of moving poor people and rehabilitating deteriorated areas.
Gentrification
Gentrification is the process of changing the character of a neighborhood through the influx of more affluent residents and businesses. It is a common and controversial topic in urban politics and planning. Gentrification often increases the economic value of a neighborhood, but the resulting demographic displacement may itself become a major social issue. Gentrification often sees a shift in a neighborhood's racial or ethnic composition and average household income as housing and businesses become more expensive and resources that had not been previously accessible are extended and improved.The gentrification process is typically the result of increasing attraction to an area by people with higher incomes spilling over from neighboring cities, towns, or neighborhoods. Further steps are increased investments in a community and the related infrastructure by real estate development businesses, local government, or community activists and resulting economic development, increased attraction of business, and lower crime rates. In addition to these potential benefits, gentrification can lead to population migration and displacement. In extreme cases, gentrification can be brought on by a prosperity bomb. However, some view the fear of displacement, which dominates the debate about gentrification, as hindering discussion about genuine progressive approaches to distribute the benefits of urban redevelopment strategies.
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