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Gentrification

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by

Andre Velez

on 25 July 2013

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Transcript of Gentrification

Sara, Andre, Stefan
Gentrification
LES Gentrification
What exactly is gentrification?
An urban renewal process in which ‘run-down’ urban areas are restored, usually by the upper or middle class, resulting in the displacement of the lower class.

Some use the term “economic revision” for the gentrification process because it is said to change the character of a neighborhood from that of a deteriorating nature to a more ‘upscale’ or upper class form.

The word gentrification derives from gentry—which comes from the Old French word genterise, "of gentle birth" (14th century) and "people of gentle birth" (16th century). In England, gentry denoted the social class, consisting of ”gentlemen.”

Pre-gentrification residents are unable to pay increased rents, property taxes, or afford real estate.

Non-Local factors: State policies, Federal Policies, Regional dynamics

Local Policies: Economic Growth and Revitalization I.E. Housing & Land use policies, Water Front Development, Army Base Development, Police, School, Cultural Events


What are the causes of gentrification?
Effects of Gentrification
! Positive !! Negative
Gentrification in Progress..
A Closer Look at the South Bronx Neighborhoods of Mott Haven/Port Morris
Since 2006 the New York Times has identified the
Bronx
as “the
poorest urban county
in the United States”.

Mott Haven/Port Morris neighborhood is one of the poorest areas in the Bronx.



The Experts Say…
The 2010 census found that the median household income for families in this neighborhood was an astonishing $19,840!!

$19,840 vs. $54,659 in comparison to the rest of the state.

Lets talk statistics…
One of the most industrialized areas of the borough.

Industries like iron works and steel factories thrived in the early 20th century.

Many piano factories found their nest in the neighborhood....today only the signs remain..
Mott Haven/Port Morris Then vs. Now

Although many factories are still abandoned...the neighborhood is slowly being taken over by a different type of industry...the real estate industry.. (one of the many signs of Gentrification!!)





Now...
Artist lofts are going for $1,300 to $2,475..



Looking to Rent?

One of the areas most attractive jewels of the past was the Antique District.

While many have closed due to the economic recession, there are still antique shops that serve as a reminder of one of the neighborhood’s highlights... (only two remain)

Antique Road
Ceetay (Restaurant)
The owner describes the neighborhood as “the next Williamsburg”
“More people moving in, more businesses are opening up, but unfortunately there are still no garbage cans in the street.”
“there is NOTHING here”
“I took a risk to open up this restaurant in a ‘tough neighborhood’. Meaning of a tough neighborhood- people don’t make a living like the people in Manhattan...neighborhood has a bad reputation."

Williamsburg?

Although in the early stages of development and gentrification is still happening gradually, this neighborhood exhibits potential to become the next...

Williamsburg

LES!

From South Bronx to SoBro
Gentrification in the LES has changed the affordability of the neighborhoods living standards.
It has changed the neighborhood not only socially (class) and economically but also culturally. The art scene has also changed since the bohemian era.
Much of the culture presence that was once there (Ukrainian, Polish, Italian, Puerto Rican, Jewish) has diminished and most of the places (cafes, bars, eateries) that have maintained this atmosphere have to be sought after.
The neighborhood has become a destination area and is seen as a place for young people (yuppies, hipsters) to gather and go drinking. Especially on the weekends.
an organization that stands for keeping the area affordable and keeping the elements and flavor that made the Lower East Side what it is.
Universities (NYU, New School) have also taken a toll on the neighborhood. Campuses are located within the LES causing the changes in the neighborhood to gear towards that crowd. (students)
The uprising of bars and condominiums have changed the appearance of the neighborhood and one can only ask themselves: Who are these changes for? And at what cost will it be?

|-
| Higher incentive for property owners to increase/improve housing || Displacement through rent/price increases
|-
| Reduction in crime || Secondary psychological costs of displacement
|-
| Stabilization of declining areas || Community resentment and conflict
|-
| Increased property values || Loss of affordable housing
|-
| Increased consumer purchasing power at local businesses || Unsustainable speculative property price increases
|-
| Reduced vacancy rates || Homelessness
|-
| Increased local fiscal revenues || Greater take of local spending through lobbying/articulacy
|-
| Encouragement and increased viability of further development || Commercial/industrial displacement
|-
| Reduced strain on local infrastructure and services || Increased cost and changes to local services
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| Reduction of suburban sprawl || Displacement and housing demand pressures on surrounding poor areas
|-
| Increased social mix || Loss of social diversity (from socially disparate to rich ghettos)
|-
| Rehabilitation of property both with and without state sponsorship || Under occupancy and population loss of gentrified areas

GOALS (Good Old Lower East Side)
Conclusion
Full transcript