Gentrification is the idea that you invest heavily in low-income, inner-city areas with new housing and commercial projects.  The theory is that if you build amenities and housing attractive to middle class residents, they’ll move to urban areas closer to their place of work, bringing their tax dollars with them.  Keep in mind that just because middle or upper class people live in a city, doesn’t mean it’s been gentrified.  There has to be a revitalization effect involved.

Some of these projects are extremely successful.  Others are a total waste of money.  I want to look at one gentrification project that’s pretty good, and another that’s pretty bad.  Both located in the DC area.  Pictures included.

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