GENTRIFICATION
Gentrification
Gentrification is a shift in an urban community toward wealthier residents and/or businesses and increasing property values, sometimes at the expense of the poorer residents of the community. Gentrification is typically the result of investment in a community by local government, community activists, or business groups, and can often spur economic development, attract business, deter crime, and have other benefits to a community. Despite these potential benefits, urban gentrification is often believed by pre-gentrification residents to result in population migration, with poorer residents displaced by wealthier newcomers. However, this may not be the case: ...The above text is a snippet from Wikipedia: Gentrification
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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.
The above text is a snippet from Wiktionary: gentrification
and as such is available under the Creative Commons Attribution/Share-Alike License.