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gentrification (jen" truh fi KAY shuhn) (s) (noun), gentrifications (pl)
The renewal and rebuilding that accompanies the arrival of large numbers of middle class or affluent people into deteriorating urban neighborhoods and often results in the displacement of earlier, usually poorer, residents: Renewed interest in urban living has been met with some disputes regarding gentrification and affordable housing.
The growth of a city can have a negative impact on longtime small businesses that cannot keep up with the expenses associated with gentrification and the rising costs of real estate.
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