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Gentrification

June 4, 2014
Williamsport Sun-Gazette

Gentrification, a term of the 60's synonymous with Urban Development, is the "upgrading" of run-down inner cities. City redevelopment is preceded by zoning laws and the enforcement thereof, and the condemnation of long held properties (witness: the 56 properties on High to make room for a parking lot and the construction of a new YMCA, or, the condemnation of properties along 2nd St. to make room for another parking lot and lawn for "WACC". Developers realizing a great profit potential are involved in initial planning. Buy it cheap and sell to the Yuppie influx.

 
 
 

 

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