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In reply to the discussion: Bernie Sanders likens West Baltimore poverty to 'Third World' country [View all]ErikJ
(6,335 posts)City took an old inner city industrial area and turned it into a high density walkable neighborhood. It now produces so much property tax that it has funded new urban renewal area districts. It also has a couple buildings for low or assisted income rent. Its now the "hottest" part of town with lots of retail and jobs.
Another area was a classic inner city ghetto area with boarded up store fronts and rampant crime and drug dealing. Its now a very hot retail district also producing massive property tax for the city.
Ironicallly these areas first attract artists looking for low rent big studios to work and live in. But they eventually have to move out because of gentrification demolition and rising rent so they are dispersed to new areas to pioneer. Along with the poor that have been displaced because of rising rent. Most find cheaper places in the burbs, jobs in the new retail stores or move to other cities. I'm a progressive so I think progress is great.