Billyburg Gentrification
Here's an interesting story in the Washington Post about the rapid gentrification that has occurred in Williamsburg, Brooklyn. It's the classic story of artists moving into the area, making it hip, and Wall Streeters following closely behind, driving rents up and squeezing out those artists.
http://www.washingtonpost.com/wp-dyn/content/article/2007/02/20/AR2007022001912.html?referrer=emailarticle
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