The thorny matter of gentrification, by Kaid Benfield (SWiTCHBOARD)
A few days ago, I made a presentation to a group of thoughtful and accomplished philanthropists on sustainable land development. I made a strong pitch for urban revitalization and was countered with a question about gentrification, the messy phenomenon that occurs if longtime residents of older neighborhoods find themselves priced out of their own communities as those neighborhoods become more sought-after and valuable. To be honest, I don’t think I handled the question particularly well.
I never do, really, even though it comes up a lot. The issue is just too thorny on all sides and, in most cases, racially charged, because minority populations are the ones who feel squeezed when more affluent, generally white, residents rediscover cities and move in. I have a lot of sympathy for long-timers who fear losing control of their neighborhoods and, in too many cases, their very homes as rents and property taxes go up with increased value brought on by increased demand. But, on the other hand, the environmental, fiscal and, yes, social benefits of revitalization and repopulation of our older, frequently distressed neighborhoods are so substantial that I believe strongly that they must continue.
New Albany is a state of mind … but whose? Since 2004, we’ve been observing the contemporary scene in this slowly awakening old river town. If it’s true that a pre-digital stopped clock is right twice a day, when will New Albany learn to tell time?
Sunday, March 16, 2014
Gentrification is a thorny matter.
File under "topics seldom broached at city council meetings," or for that matter, anywhere else in town. It's a lengthy essay, and one worth reading
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