Gentrification is a shift in an urban community toward wealthier residents and/or businesses and increasing property values. Gentrification is typically the result of investment in a community by real estate development businesses, local government, or community activists, and can often spur economic development, attract business, and lower crime ... Found on http://en.wikipedia.org/wiki/Gentrification
(from the article `Chicago`) The most recent destabilizing factor in some areas of the city has been gentrification. Conveniently located old houses and apartment buildings have ... Found on http://www.britannica.com/eb/a-z/g/21
A process of urban renewal in which older, decaying housing is refurbished by affluent people moving into the area. Found on http://www.encyclo.co.uk/local/20212
the process by which houses in decaying and relatively poor areas of a city are bought by middle-class people, thus raising property values in the area.
Found on http://www.polity.co.uk/cbs3/PDF/Glos.pdf
Gentrification describes the process by which the character of a traditionally working-class area is changed as a result of middle-class people taking up residence in the area. Found on http://www.probertencyclopaedia.com/browse/AG.HTM
noun the restoration of run-down urban areas by the middle class (resulting in the displacement of low-income residents) Found on https://www.encyclo.co.uk/local/20974