Tuesday, December 23, 2008

Replacing Old Buildings with New Ones Doesn’t Help Poor Neighborhoods

In a study carried out by the University of Utrecht it was found
that demolishing old apartment buildings from the 1950s and 60s and replacing them with new ones, does not improve the neighborhoods. More affluent people, if they actually move into these neighborhoods, don’t mix with the older residents. The investments required for these renovations do not show any significant yield, according to the researchers.

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