Question on the Reading: Gentrification

After reading “New Retail Capital and Neighborhood Change: Boutiques and Gentrification in New York City” one question I still have is does gentrification help or harm Urban neighborhoods in an overall sense? The reading states that “old stores and bars manage to shift gears, upgrade their merchandise and ambiance, and attract a new clientele. But in the process, they risk losing their old customers”. Is gentrification something where the means justify the end result? What parts of the gentrification process are more beneficial and which could be tweaked to accommodate the low-income inhabitants of certain areas? In other words how exactly can the public policy be changed to both accommodate the low-income inhabitants and local shops while still fostering the growth of new ones?

Leave a Reply

Your email address will not be published. Required fields are marked *