gentrification

Plural: gentrifications

Noun

• the restoration of run-down urban areas by the middle class (resulting in the displacement of low-income residents)
• The renewal and rebuilding that accompanies the influx of middle class or affluent people into deteriorating areas and often displaces earlier, usually poorer, residents; any example of such a process.

Related Words

degentrification, gentrify, gentry, price out, urban blight, urban renewal