Morning Headlines: Gentrification and How Cities Try to Help Displaced Residents
With gentrification in Philadelphia becoming a hot topic last month thanks to seven series pull-out section in the Daily News (as well as a recent Onion article on the subject that didn’t really feel like satire), it seems fitting that we should at least take a look at what other cities are doing to deal with gentrification’s drawbacks.
This morning, Sandy Smith offered up a taste of what three cities (and the entire state of Missouri) are doing to help low to middle-income residents who are at risk for being displaced as a result of rising home values, which, Smith writes, aside from displacing long-time residents who can no longer afford to live in a neighborhood with increasing rents, cities experiencing gentrification often have perpetually blighted neighborhoods that could otherwise be put to good use.
Smith includes Philadelphia’s PHL Tax Loop program among the examples, which you can read on Next City.
In other news…
• Expansion planned at King of Prussia Plaza and Court [PhillyDeals]
• The PDQ Email Bag: EXPLOSIVE Charges Made By South Phila Casino Opponents [Philadelinquency]
• Comcast opens 4,000-square-foot store in Northeast Philadelphia [Philadelphia Business Journal]