Gentrification Of The Downtown Corridors

1302 Words Jul 1st, 2015 6 Pages
Literature Review

Gentrification in the city:

Rauch (1993), Crihfield and Panggaben (1995), Glaser et al (1995), Simon (1998), Simon and Nardinelli (2002) and Glaser and Saiz( 2004) address human capital as impacting the economic performance of the area and is also identified as the main determinant of growth in metropolitan areas. Crihfield and Panggabean (1995) include four points of production function: labor, private physical capital, public infrastructure capital, and human capital. The researchers analyzed race, amenities, growth, geography as well as public capital investment to ascertain the large impact human capital has on the growth of the city, and in the case study of Atlanta, this growth impacts the revitalization of the downtown corridors. Neighborhood change and gentrification/revitalization have been hot button topics since the 1940s and will continue to present itself when there are a finite about of resources and an increase in the want for people to live in urban spaces. Some scholars alluded to gentrification as an ‘island of renewal’ (Berry 1985; Bourne 1993). While others such as Neal Smith (1987) suggested that gentrification was the start of something bigger in which capital is aligned with locations where rent gaps exist and investors seek profits from the disinvested urban centers. Smith (1996) later on, addresses the urban frontier and uses the term frontier while trying to debunk the myth of residents being pioneers when they move into…
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