gentrification

IPA: dʒɛntrɪfɪkˈeɪʃʌn

(urban studies) The renewal and rebuilding that accompanies the influx of middle class or affluent people into deteriorating areas and often displaces earlier, usually poorer, residents; any example of such a process.

Examples of "gentrification" in Sentences

Gentrification is a process in which wealthier residents move into a neighborhood, leading to higher property values and displacing lower-income families
The historic district saw rapid gentrification as trendy coffee shops and boutiques replaced long-time businesses
Many residents fear that gentrification will erase the unique cultural identity of their community
The debate over gentrification pits developers seeking profit against residents seeking to preserve affordable housing
Gentrification often results in increased rent prices, making it difficult for long-time residents to afford to stay in their own neighborhood