Posts with tag gentrification

Brooklyn Condo Rewrites NYC Luxury Pricing

OK, kids. Get out your pencils and show your work: When something new in a former industrial area costs less than half of something old in a classic neighborhood, will lots of people buy it? The Pencil Factory, so named because it used to be a pencil factory, consists of 93 one-bedroom (starting at $372,000) and... Continue Reading »

Coney Island's New Rides Won't Lift Home Sales

Brooklyn's Coney Island is getting something of a well-needed makeover. A new, $30-million amusement park featuring the latest in rides and attractions from Italy's renowned Zamperla Group, is scheduled to open Memorial Day weekend. It's the latest in a series of upgrades including a new boardwalk, a restyled subway... Continue Reading »

Rent Hike for New Yorkers; Affordable Housing for Artists

This week brought sobering news for rent-stabilized tenants, a dash of hope for broke artists in the form of affordable housing, and more places to rent, in the future, in Brooklyn's Red Hook. The Rent Guidelines Board -- a nine-person panel that dictates what goes down (or up) in New York's rent-stabilized housing --... Continue Reading »

Gentrification Wars: Cincinnati Metropole

Here's the hard truth: in order to "clean up" a section of town there will be collateral damage. For some, damage arrives in the removal of affordable housing options for low and moderate-income individuals. This can hurt renters of limited means. The fight is on right now in the city of Cincinnati. Residents of the... Continue Reading »

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