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gentrification

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gentrification

The movement of higher social or economic groups into an area after it has been renovated and restored. This may result in the outmigration of the people who previously occupied the area. Often the classification of an area as a conservation area encourages gentrification. It is one strategy available to planners in urban renewal schemes within the inner city.



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Much racial strife is catalogued here, alongside the requisite thumbnail sketches of playwright Tennessee Williams, who achieved a symbiotic relationship with the city; Armstrong, a native son who eventually scornfully declared, "They treat me better all over the world than they do in my own hometown"; and Ruby Bridges, whose integration into the city's schools unwittingly led to segregation via gentrification.
Following a steady decline since its heyday servicing bustling trade on the Singapore river, and an unsuccessful conventional gentrification of the heritage site in the 1980s, Alsop was appointed in 2002 with a brief to rejuvenate the three-hectare diamond shaped site.
A lot of neighborhoods that are experiencing gentrification at the moment haven't progressed enough to keep those gains through to the next downturn in the real estate cycle.
 
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