Neighborhood Improvement by the Numbers: How to Encourage Gentrification Without Displacement
Description
Cities are living systems. Their form and function are constantly changing to reflect the preferences and needs of their residents. One process of change in a city occurs when rapid investment pours into a neighborhood that was previously neglected. This so-called revitalization serves as a catalyst for many city improvements like new residential buildings, glamours commercial complexes, and even enhanced public transit. This process, also known as gentrification, can be a force for good as it results in population growth and economic opportunity. But with enough investment, prices -- including rent -- can be forced upwards equally as rapid. This is when gentrification can result in potentially negative outcomes for residents who can not keep up with the rent increases and are displaced from a city. Culture, as defined by people and business in an area, is the pride of many cities. A loss of culture through displacement is an outcome that anti-gentrification advocates want to avoid. But, cultural displacement may not always comprise a loss. In certain cases, displacement is just the natural byproduct of city evolution. An ideal solution to this state of affairs would be for cities to encourage gentrification while discouraging displacement. This study will explore how.
Date Created
The date the item was original created (prior to any relationship with the ASU Digital Repositories.)
2020-05
Agent
- Author (aut): Ferrara, Justin Christopher
- Thesis director: Simeone, Michael
- Committee member: Baskin, Connor
- Contributor (ctb): Department of Economics
- Contributor (ctb): School of Mathematical and Statistical Sciences
- Contributor (ctb): Department of Information Systems
- Contributor (ctb): Department of Finance
- Contributor (ctb): Barrett, The Honors College