Some neighborhood gentrifications absorb vacant

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Unformatted text preview: a due to a transportation investment such as extension of a commuter rail line, new or improved train service or station, or addition of a highway ramp or exit. Most commonly, gentrification has been portrayed in terms of residential location patterns, such as “back to the city” flows of middle-income households from the urban fringe or suburbs or elsewhere within a metropolitan area. Gentrification, however, manifests itself through reinvestment an d rehabilitation of previously degraded neighborhoods, improving the physical condition and appearance of both residential and commercial properties. Due to the perception that increased property values, increased safety, and improved neighborhood amenities signal neighborhood revival, middle- income households upgrade housing conditions for their personal consumption. While owner - occupied single-family residences replace renter occupancy, businesses that target the demographic group of middle-income homeowners transform older, traditional commercial locations through reinvestment and rehabilitation of structures. Thus, the gentrification process entails physical property improvements, a demographic change to higher income levels, more “yuppie” (young, urba n professionals) households, and property value increases. Some neighborhood gentrifications absorb vacant properties, while others involve replacement (or displacement) of households no longer able to afford housing due to housing cost (price/rent) appreciation. While some consider property value increases resulting from gentrification to be positive, such changes have also been criticized for worsening the well-being of low-income persons, especially in neighborhoods of color. Some have argued that increases in property values are capitalized in rent increases, which then push households that are less able to pay to other neighborhoods or to undesirable housing arrangements.123 In particular, some argue that certain antisprawl land use policies that direct housing development away from the urban fringe reduce housing affordability and limit housing choice, especially for low-income households. Others have argued, in addition to causing displacement, that gentrification is undesirable because it leads to homogenous neighborhoods that are not socioeconomically or culturally diverse.124 However, there is insufficient data to draw specific conclusions about the net social and economic impacts of transportation investments on gentrification and displacement. 30 | P a g e Mass Transit Negative BDL Gentrification Turn – Link Extension [____] [____] New public transit projects increase gentrification, pricing people out of their own neighborhoods Andrew Nusca, editor of SmartPlanet, 2010 (New public transit encourages gentrification, lowers ridership, study says, October 22, If you were to extend the reach of public transportation to an underserved neighborhood, you would expect ridership to increase and rents to drop, ri...
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This document was uploaded on 02/06/2014.

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