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28 Wash. U. J. Urb. & Contemp. L. 195 (1985)
Gentrification, Abandonment, and Displacement: Connections, Causes, and Policy Responses in New York City

handle is hein.journals/waucl28 and id is 203 raw text is: GENTRIFICATION, ABANDONMENT, AND DISPLACEMENT: CONNECTIONS, CAUSES, AND POLICY RESPONSES IN NEW YORK CITY PETER MARCUSE * I. OVERVIEW Abandonment and gentrification are polar opposites. Abandonment results from demand declining to zero, gentrification from high and increasing demand. Abandonment arises from a precipitous decline in property values, gentrification from a rapid increase. -Yet, in New York City and elsewhere the two processes are occurring simultane- ously. How can gentrification and abandonment take place at the same time, virtually side by side? This Article answers this question, and focuses on the relationship of each process to the problem of displacement. The policy relevance of the question is clear. Existing policy is pre- mised on three assumptions.1 First, abandonment is painful, but inevi- table. Public policy cannot reverse it; at best it can confine * Professor of Urban Planning, Columbia University. B.S., Harvard, 1948; J.D., Yale Law School, 1952; M.A., Columbia University, 1963; M.U.S., Yale, 1968; Ph.D., University of California at Berkeley, 1972. Support for research used in the preparation of this paper by the Community Service Society of New York is gratefully acknowledged. It is, of course, in no way responsible for the opinions or conclusions presented here. 1. HousE COMM. ON BUDGET, FINANCE, AND URBAN AFFAIRS, SUBCOMM. ON THE CITY, 95TH CONG., lsT SEsS., How CITIES CAN GROW OLD GRACEFULLY (Comm. Print 1977).

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