There is no doubt that gentrification is part and parcel of modern city planning. Many large cities in the United States have initiated gentrification programs across several neighborhoods as part of city development projects. Gentrification definitely has its set of benefits. First of all, gentrification leads to a reduction in the continuous decline of some areas thus leading to their stabilization (Atkinson & Bridge, 2005). In addition, houses that were unoccupied become occupied after a gentrification project thus reducing the rates of vacant houses in the city. Local councils also benefit due to an increase in local fiscal revenues that Continue reading...
