Gentrification Of The Downtown Corridors - 1302 Words

Literature Review Gentrification in the city: Rauch (1993), Crihfield and Panggaben (1995), Glaser et al (1995), Simon (1998), Simon and Nardinelli (2002) and Glaser and Saiz( 2004) address human capital as impacting the economic performance of the area and is also identified as the main determinant of growth in metropolitan areas. Crihfield and Panggabean (1995) include four points of production function: labor, private physical capital, public infrastructure capital, and human capital. The researchers analyzed race, amenities, growth, geography as well as public capital investment to ascertain the large impact human capital has on the growth of the city, and in the case study of Atlanta, this growth impacts the revitalization of the†¦show more content†¦Smith views gentrification as a negative thing, and a â€Å"product of political economic shifts in local and global markets (Smith pp.92)†. He notes that this revanchist or French for Revenge city theme aggressively re-claims the city and tries to re-infuse th e city with middle-class morals, standards and costs. Gentrification also experiences a pattern of what many note as consumption in which those with the sweat equity such as the LGBT community but some such as Rose (1984) suggested that first wave gentrifiers were of small means, but were able to carve out spaces and enclaves of sage space based on sweat equity Smith (1996) reintroduces the notion of the rent gap in gentrification. Knopp (1987) mentions the increase in rents and the inability for pioneer gentrifiers in the gay community to keep up with the increase in taxes and home prices. Knopp (1990) analyzes the significance of gays in the gentrification process in New Orleans, Louisiana. He finds that are three sets of events that present catalysts for neighborhood transformation; the transformation included gay men, specifically white gay men who were active in the community and also developers of the neighborhood. Knopp concluded that, â€Å"†¦the class interests of those who treat land as a financial asset can be facilitated by forming cross-cultural and cross-class alliances with gay communities† ( p.337). Knopp (1990) also believed that the male dominance of the community development helped to create a