Now here’s an interesting discussion going on over at My Bed-Stuy, where blogger Melissa Danielle is making the case that the urban boogeyman known as gentrification is actually helping the long-struggling neighborhood evolve and improve [via brownstoner]:
“The folks that are opening businesses like cafes, restaurants, wine shops, and bakeries, black and white owners, are vested. They could have opened anywhere else, but chose Bed-Stuy because they were tired of having to leave their neighborhood when they wanted a good cup of coffee, a good meal, or a good bottle of wine. They live in the neighborhood, hire locally, and participate socially, civically and politically.
And they need and deserve our support.”
She also says that raising rents are not the fault of new folks moving to the nabe: “if you’re going to be mad at anyone, be mad at the lenders charging ridiculous interest rates on mortgages, be mad at brokers looking for a higher commission, be mad at adults who’ve been handed down property and will sell to the highest bidder because they don’t want the responsibility and then take the money and move down South.” And her commenters weigh in with their own thoughts, of course.
What say you? Is gentrification friend or foe in the Stuy? Did this 2007 prediction come true?