Equitable Development
The Answer to Gentrification; Advancing Equitable Development is Critical to Philadelphia’s Economic Recovery
Abstract
I can’t walk through Center City Philadelphia these days without having to cross the street several times to avoid construction projects. A twenty-six-story residential and commercial venture is rising from a former parking lot in between my morning coffee stop and the office, and in every other direction, brand new high-end apartments, condos, hotels, restaurants and retail are rising too. I don’t mind the extra steps; it’s good exercise for me and a great investment for the city. But the development boom that started in Center City, and is now spreading to surrounding neighborhoods like Point Breeze, Fishtown, Francisville and others with homes that are now selling at $400k or higher, and nationally recognized restaurants with pricey menus opening up on neighborhood commercial corridors, is like any other form of pressure: it pushes other entities away. When those entities are people and their small businesses, we’ve got gentrification.
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Copyright (c) 2016 Beth McConnell (Author)
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