Urban Gentrification

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Urban Gentrification

  1. 1. “THE BENSON BEAT” The revitalization of downtown Benson Urban geography
  2. 2. The Plan for Benson <ul><li>What changes have you noticed that have already taken place in downtown Benson? </li></ul><ul><li>Do you feel these changes have been for the better? </li></ul><ul><li>The Benson-Ames Neighborhood Alliance </li></ul><ul><li>has a plan </li></ul>
  3. 8. Urban Gentrification <ul><li>The process in which a neighborhood is transformed from low-value to high-value properties. </li></ul>
  4. 9. 4 Characteristics of Urban Gentrification <ul><li>Demographics: An increase in median income, a decline in the proportion of racial minorities, and a reduction in household size, as low-income families are replaced by young singles and couples. </li></ul><ul><li>Real Estate Markets: Large increases in rents and home prices, increases in the number of evictions, conversion of rental units to ownership (condos) and new development of luxury housing. </li></ul><ul><li>Land Use: A decline in industrial uses, an increase in office or multimedia uses, the development of live-work &quot;lofts&quot; and high-end housing, retail, and restaurants. </li></ul><ul><li>Culture and Character: New ideas about what is desirable and attractive, including standards (either informal or legal) for architecture, landscaping, public behavior, noise, and nuisance. </li></ul>
  5. 10. Old Market- another example
  6. 11. The North Loop
  7. 12. <ul><li>What are other examples of urban gentrification? </li></ul>
  8. 13. <ul><li>How do you think urban gentrification affects the neighborhood's lower-income residents? </li></ul>
  9. 14. <ul><li>What do you think are the causes of urban gentrification? </li></ul>
  10. 15. Production-side theory vs. Consumption side theory <ul><li>Production-side theory- based on economics, continuous cycles of disinvestment and reinvestment in property within a capitalist system </li></ul><ul><li>(PROFIT, BUSINESSMEN) </li></ul><ul><li>Consumption-side theory - based on culture, leaders in community want to change their neighborhoods for the better </li></ul><ul><li>(NON-PROFIT, QUALITY OF LIFE) </li></ul>
  11. 16. Is urban gentrification a good idea?

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