The New Urban Frontier: Gentrification and the Revanchist City
Why have so many central and inner cities in Europe, North America and Australia been so radically revamped in the last three decades, converting urban decay into new chic? Will the process continue in the twenty-first century or has it ended? What does this mean for the people who live there? Can they do anything about it?
This book challenges conventional wisdom, which holds gentrification to be the simple outcome of new middle-class tastes and a demand for urban living. It reveals gentrification as part of a much larger shift in the political economy and culture of the late twentieth century. Documenting in gritty detail the conflicts that gentrification brings to the new urban 'frontiers', the author explores the interconnections of urban policy, patterns of investment, eviction, and homelessness.
The failure of liberal urban policy and the end of the 1980s financial boom have made the end-of-the-century city a darker and more dangerous place. Public policy and the private market are conspiring against minorities, working people, the poor, and the homeless as never before. In the emerging revanchist city, gentrification has become part of this policy of revenge.
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Three European cities 165
List of plates ix
MAPPING THE GENTRIFICATION FRONTIER 189
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Amsterdam arrears Budapest building built environment capital capitalist Central Harlem century city's construction consumption cultural decades decline devalorization differentiation disinvestment displacement district early East Village economic emergence eviction expansion explain financial institutions gap theory gentrification gentrification frontier geographical global ground rent historical homeless households housing market housing stock income increase increasingly inner city inner-city investment involved land value landlords landscape late levels Lower East Side Manhattan Marcus Garvey Park middle class mortgage neighborhood Paris patterns percent Philadelphia political population postwar production professional profit real estate Redevelopment Authority rehabilitation reinvestment renovation rent gap residential residents revanchist revanchist city significant social restructuring Society Hill Society Hill Towers space spatial squatters strategy Street structure suburbanization suburbs suggests tenants theory Tompkins Square Park uneven development urban development urban frontier urban renewal urban scale Weesep western corridor women working-class York City yuppies