The Reassertion of Economics: 1990s Gentrification in the Lower East Side

Abstract

This article utilizes property tax arrears data to trace the contraction of gentrification at the end of the 1980s and its resurgence in the 1990s in New York City's Lower East Side. Contrary to the claims made during the recession about the end of gentrification, this article provides an important historical record of the resurgence of gentrification in the 1990s. The paper also argues that this new 'third round' gentrification has to be seen as a dramatic reassertion of economics in the central urban land market. That this shift is also expressed within the popular cultural discourses accompanying the process reveals an altered relationship between economics and culture in fin de siècle gentrification. Copyright Joint Editors and Blackwell Publishers Ltd 1999.

Naked elites: unveiling embodied markers of superiority through co-performance ethnography in gentrified Brooklyn’s Park Slope

“…The "corporatization of gentrification" in New York City reflects the city's dramatic post-industrial socio-economic changes (Lees, 2000;Smith & DeFilippis, 1999). The phenomenon has contributed to the redevelopment and rebirth of formerly industrial areas into chic residential communities, making Park Slope one of the most fashionable neighborhoods of southwestern Brooklyn (see map in Figure 1).…”

Overcome Gentrification: New Dutch Urban Paradigms

“…Another branch of the literature attempts to refine different typologies of gentrification and to dissect different groups of gentrifiers. Notable contributions include work on the gender aspects of gentrification [19][20][21] and issues of racial differentiation in the gentrifying population of certain American neighborhoods [22][23][24]. Other discussions within this strand concern the social composition of the category of "marginal gentrifiers", the first movers into not yet gentrifying neighborhoods [25][26].…”

“…The built environment is upgraded, prices rise, the population changes, sometimes the demographics change too, the range of commercial facilities changes, and so on and so forth. These indicators sometimes lead and sometimes lag each other; there is no fixed order [23][24][25][26][27].…”

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