New York Times Hails Philly As Anti-Gentrification Capital of the Free World

Article ignores a couple big factors.

The Times has a piece out on various city programs designed to stem the tide of gentrification by offering tax relief to homeowners in rapidly-appreciating neighborhoods. Philly, it claims, is doing the most in this regard with a couple of newish programs.

Philadelphia, undergoing a resurgence during which the city has had its first population increase since the 1950s, appears to have enacted the most comprehensive measures to safeguard longtime homeowners.

The first, the Homestead Exemption, allows most homeowners to reduce the assessed value of their house by $30,000 for tax purposes, while a second law, called Gentrification Protection or LOOP, short for Longtime Owner Occupants Program, is more narrowly focused on protecting homeowners from increases to their property tax bills because of gentrification.

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  • They_Call_Me_Bruce

    So Philly is being praised for doing what it can to stunt growth. Rather than congratulating the people trying to rahab parts of town that look like a bombed out Baghdad the city is trying to figure out how the leeches of society can keep their little hell on earth. Such backwards thinking.

  • wggglassss

    NYT deals exclusively in pap when it comes to covering Philly, i.e. their story about Temple’s sports programs:
    Writer’s conclusion was the school cut rowing because it’s not competitive or exciting enough. Disregarded the reality that other sports were cut, the budget was thin, etc. Can’t let the truth get in the way of a good yarn.

  • Spike Lee

    If you like your dilapidated ghetto, you can keep your dilapidated ghetto.

  • Gentrification 101

    “Finally, it’s important to note an obvious but often omitted point: When your property values triple, that translates into a pretty scary tax bill. But it also means you can sell out and cash in big time. Put another way: the larger story is a tad more complex than the “Philly fighting evil, scary gentrification” narrative the Times has presented.” – Do you realize you just defined gentrification and then stated the story is more complex than fighting gentrification? People cashing out and leaving, to allow for higher rents, is by definition gentrification. You may like it, but it does not mean the piece is incorrect to label it as such.