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gentrification |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.01 sec. |
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gentrification, the rehabilitation and settlement of decaying urban areas by middle- and high-income people. Beginning in the 1970s and 80s, higher-income professionals, drawn by low-cost housing and easier access to downtown business areas, renovated deteriorating buildings in many cities, reversing what had been an outmigration of upper-income families and individuals from many urban areas. This led to the rebirth of some neighborhoods and a rise in property values, but it also caused displacement problems among poorer residents, many of them elderly and unable to afford higher rents and taxes. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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They want to help the homeless out of Skid Row, that's all, and thereby help their rich developer patrons profit from the yuppification of downtown. While this yuppification of a representative of what then still understood itself as an anti-capitalist revolutionary movement might have had an ironic aspect, it was a cultural trait that turned out to be very useful a few years later. The Crew: Aged mobsters pull one last job to save their Miami Beach retirement hotel from yuppification. |
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