Recession No Match for Gentrification in Many Cities

Rachel Dovey details a new report that finds boom-era trends of gentrification persisted in urban areas throughout the effects of the post-2007 recession.
David Herrera / Flickr

The conclusion of the report from the Federal Reserve Bank of Cleveland, as summarized by Dovey: "Urban neighborhoods were hot spots for redevelopment before the economy collapsed, and some have continued to gentrify post-recession."

"Portland, Seattle, Denver, Minneapolis and Washington, D.C. continue to see incomes rise in their urban core. Atlanta, where city-center wealth spiked before the recession, has not continued to gentrify. And post-boom Cincinnati is witnessing a surprising surge in city-center income," writes Dovey.

"The report points out that changes in income ranking over time were actually driven largely by poor neighborhoods that gained wealth, not wealthy neighborhoods that became even wealthier — a trend the report calls “consistent with gentrification.'"

Full Story: These Cities Have Held Onto Pre-Bust Gentrification Highs

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.
$24.00
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00