GEOG 3205 Lecture Notes - Lecture 10: Cultural Capital, Community Building, Rent Regulation
Document Summary
Local government: funding, code improvements, historic neighborhoods, zoning, etc. Financial & property agencies: landlords & real estate agents who guide potential owners into particular neighborhoods. Stage model of gentrification: marginal stage. Little to no displacement: early stage. Cultural professionals buy & renovate homes for personal reasons (not profit: discovery stage. More affluent households, developers & property investors discover & invest in neighborhoods: gentrification stage. Renovated homes returned to market at greatly increased price for the most affluent buyers & renters. Why & how gentrification works: production explanations the first thing that occurs is the production of a favorable environment. Case studies of gentrification: reynoldstown (atlanta, ga) Key actors include local community organizations, police department, landlords & private investors. Driving forces include surrounding gentrified neighborhoods, 1996. Olympics & close proximity to downtown: university park / pico-union (los angeles, ca) Key actors include university of southern california & landlords. Driving forces include developers & the staples center: uptown (chicago, il)
