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! <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />I <br /> <br />displacement by essentially dismanding the physical and social <br />structures necessary co the previous generation(s) of residents. <br />Rose cites the Latino Mission District in San Francisco, where <br />nonprofit hca/ch clinics and auto repair shops yielded co <br />lncernet businesses. She raises a good point: namely, that <br />displacement is hOC just a residential problem. Long-estabEshed' <br />neighborhood bars, faith-based institutions, cultural community <br />centers, and industry' often have co follow the displaced <br />residents for their own survival. <br /> <br />?rojec~ undz. rway,.on nearly <br />ever7 lot ora vacant block in <br />Chicago's genrr~ing Uptown <br />neighborhood. Severe crime <br />and blight over the ?asr 40 <br />year$ led co the abandonment <br />and demollrion of many <br />beautiful buildlng~ in rhu <br />once-gilded section of the city. <br />CJ~ange is in the air, however, <br />as the blight gwes way co <br />~cale development. <br />The news is nor atl good. <br /> <br /> all of chat. Kennedy and Leonard point co Silicon V'all~ a.s a ' <br /> good example; where enough money was made by reverse <br /> commuters ~o gentrify the Mission District of San Francisco <br /> some 45 minutes to the aorr. h~ . ' <br /> Tight Housing Marker. Tblis includes conStrained. b. ousing <br /> supply, as in San Erancis¢o, where 300,000 new jobs were <br /> created between 1995 and 1997, but only 31,000 new homes <br /> were constructed, or in Chicago, which grew by 112,000 <br /> residents in the 1990s bur still lost.52,000 rental units, many <br /> to condo Conversions in genrrffTing neighborhoods. It 'also <br /> includes: relative affordabiliry, where high demand in <br /> premium neighborhoods prompts buyers to pursue living <br /> opporrtmides in less costly neighborhoods; invesranent <br /> opportunities in high-risk neighborhoods; and substanti',d <br /> rent ~ps, where del/berate disinvesrrnent in specific <br /> neighborhoods ensues until a =gap" emerges, thereby <br /> triggering rapid reinvesrment. <br /> <br /> Preference for City Amenities. Cites always have been <br /> bastions of culture and certain groups invariably gravitate <br /> toward neighborhoods with food, entertainment, and <br /> beandful ~chitecture,'or ar [easr those with a potential For <br />· such. Kennedy and Leonard say groups'less likely to have ' <br />children, such as artists, young'professionals, homosexuals, <br />and even empty nesters are more likely to risk a move into a <br />neighborhood with lingering blight or crime. Once these <br />groups establish themselves,.stage three of the gentrification <br />process begins. <br /> <br />Many Uptown residenu are <br />con~emed a3our r~ f~ure of <br />local businesses, including ehi, <br />Mian commercial d~cr j'~r <br />around the co~ .... ~ ..2~.~ .-'~ ~,:~ .. <br /> <br />Why Do Places Gentrify? <br />Gencrificarion occurs in waves, according co Kennedy and <br />Leonard, who say the federally sponsored urban renewal efforts <br />in the !.950s and i960s, and the back-to-the-city movement of <br />the 1970s and 1980s were two such waves. Evidence suggests <br />that America's recent economic prosperity 'also enticed people <br />back into cities. Development in places like Chicago surpassed <br />even that of the [ 920s, hoc an easy ~at. Despite a strong <br />economy and the proliferation of development, however, <br />disparities in income continued co grow, leaving even wider gaps <br />in the community, where different groups resided separately <br />with clear (ines drawn between chem. Scared simply: ':- <br />gentrification is dynamic, ~tnd Kennedy and Leonard say its <br />causes include: <br /> <br />£a?idfob Growth. Historically, job growth in the center city. <br />has been the best indicator of gentrification, but rapid <br />transit, celecommuting, and lifestyle changes have changed <br /> <br />injqll building in Edgewarer fiu in niedy with the adjacent "vintage" <br />buildings. <br /> <br /> Increased TraJ~C and Lengthening Commutes. Improving one's .. <br /> quality of life by giving up axdu0us commuces isa genmfication <br /> factor for many who relocate to pedestrian-friendly <br /> neighborhoods with nearby wansit stops. In ~Are Cid= Coming <br /> Back?," a 2001 Chicago ]Zed Letter, published by the Federal - <br /> Re~erve.Bank of Chicago, anrhors Margrerhe Krontofr, Dan,~....:~-:_:_. <br /> MCMilIen, and W'dliarn A. Testa concur, saying affluent and.,..,=,.,~..::.~. <br /> largely childless individtm/s are migrating back to the city, -- <br /> motivated in parr by the increased cos= and "aggravation" <br /> associated with traffic and congestion in r_he Chicago area. <br /> <br />· Targeted Public Sector Policies. While Kennedy and Leonard <br /> contend "economic forces" are the predominant influence <br /> behind genrrificarion, they also aclcnowtedge the role of local <br /> <br />3 99 <br /> <br /> <br />