Articles tagged “gentrification”

Tax Break Boosts Hotel Development in Low-Income Districts

Tax Break Boosts Hotel Development in Low-Income Districts

Patrick Clark and Noah Buhayar, Bloomberg

The 2017 U.S. tax overhaul introduced favorable treatment for investments made in about 9,000 low-income areas. Some developers have reacted by constructing hotels rather than, say, hospitals or affordable housing. We like hotels but question using tax laws to max out their construction in places like Brooklyn's hip Williamsburg district.

3 weeks ago

How Downtown L.A. Transformed Into a Cultural Destination

How Downtown L.A. Transformed Into a Cultural Destination

Mary Holland, Bloomberg

Like many other neighborhoods in cities around the world, Downtown L.A. no longer resembles its image from your parent's generation and has transformed itself for the better. But some developers are wary that it'll become over-commercialized and lose its character.

1 year ago

Harlem Learning What Happens When an Iconic Neighborhood Gets Rebranded

Harlem Learning What Happens When an Iconic Neighborhood Gets Rebranded

Deepti Hajela and Michael Noble Jr., Associated Press

Real estate interests are trying to add SoHa to their previous Manhattan gentrification conquests, including SoHo, Nolita, Tribeca and Dumbo. Some are so time-worn that you forget they were ever called anything else. Residents of Harlem — yes, Harlem — are resisting the change as an attack on their identity.

2 years ago

Hotels Look to Adaptive Reuse to Create Better Local Connections

Hotels Look to Adaptive Reuse to Create Better Local Connections

Greg Oates, Skift

Hotels are promoting and engaging their local communities and partnering with a growing array of local independent businesses in an effort to create more options for travelers seeking “authentic” experiences.

4 years ago