T URB 210-Week 5: Gentrification and Economic Development
T URB 210-Week 5: Gentrification and Economic Development TURB 210
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This 0 page Class Notes was uploaded by Amber Schindler on Friday November 6, 2015. The Class Notes belongs to TURB 210 at University of Washington taught by Anthony Falit-Baiamonte in Summer 2015. Since its upload, it has received 19 views. For similar materials see Urban Society and Culture in School of Public and Environmental Affairs at University of Washington.
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Date Created: 11/06/15
TURB 210 Gentri cation cont Recap Gentrification is the reinvestment in an area that had been subjected to disinvestment is most commonly done with redlining Process of class change I switching working class to middleupper classes I aka displacement of working class Triggering Gentrification 0 Rent gap I paying for both the land and the structure on the land I Value of land is constant I Value of structure continuously declines I to a point where it makes a good investment as value approaches 0 Rehab of the image of the neighborhood 1 Change the name 2 Create a buzz about the new neighborhood image a Local media is used b Attracts the arts and culture workers first into the area to generate events i Given discount rates on property 3 Police activity increases lSafety a Long time working class is seen as uncivilundesirable b Police harassmentracial profiling stop and frisk c Class turnover i Displacement rent goes up and conversions are made from rent to buyown Working class can no longer afford their homes ii 1st to go are the working class iii 2nd to go are most of the artist and culture workers that look for more affordable housing New productive circuit Harvey S Circuit ofcaplml Manufacturing D technology D Green Primary circuit Wealth generates activities I production and consumption Crisis over accumulationoverproduction Secondary circuit Land markets Crisis property loans Buildimprove new infrastructure Tertiary Circuit BUIId new byes and buildings Social investments Train labor for a new production 1rcuit Contemporary Economic Development Role of the urban government Traditionally Judge between labors Contemporary entrepreneurial urban government Role bring business into their city Place Marketing market the city as a product I Bidding Wars creates tax breaks I Events Syndrome concerts openings of restaurants clubs museums etc I Urban Playgrounds clusters of business that move into the city I Cultural Industries Cumulative of business and culture Within a city
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