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The Richmond Voice on gentrification and restoration

December 8, 2005 3:42 pm by

The Richmond Voice has a long article about gentrification and restoration, mentioning some perceived positives/negatives and spotlighting the work of Bishop Richard Hall .

(Gentrification) is where once Black-owned properties in mostly Black neighborhoods are bought by non-Black financiers who renovate the properties and later rent them out or sell them at substantially higher prices that yield over-the-top profits.

One expert, Benjamin Grant, an urban designer in California says that the term gentrification is often used negatively, suggesting the displacement of poor communities by rich outsiders. But the effects of gentrification are complex and contradictory, and its real impact varies.

“Many aspects of the gentrification process are desirable,” he says in a recent publication. “Who wouldn’t want to see reduced crime, new investment in buildings and infrastructure, and increased economic activity in their neighborhoods?”

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