On the one hand people worry that improving disadvantage neighborhoods will cause the evils of gentrification:
Now planners are trying to figure out how best to weave through north Minneapolis on the way to the northwest suburbs. But many people along the route fear real estate speculation and increased investment will render their neighborhoods less affordable. Hennepin County hired the University of Minnesota to study potential gentrification impacts and recommend anti-displacement strategies along the route—a first in Minnesota transit history.Sahan Journal email newsletter
On the other hand there’s dismay that property values do not increase in disadvantaged neighborhoods. Here’s a headline and intro paragraph to an article in todays New York Times:
How the Real Estate Boom Left Black Neighborhoods Behind
While homeownership has been an engine of prosperity for white Americans, home values in places like Orange Mound in southeast Memphis have languished. What would it take to catch up?
Wouldn’t it be ironic if the same forces against gentrification were perpetuating poverty in neighborhoods they thought they were protecting?