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The Reassertion of Economics: 1990s Gentrification in the Lower East Side

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  • Neil Smith
  • James DeFilippis

Abstract

This article utilizes property tax arrears data to trace the contraction of gentrification at the end of the 1980s and its resurgence in the 1990s in New York City’s Lower East Side. Contrary to the claims made during the recession about the end of gentrification, this article provides an important historical record of the resurgence of gentrification in the 1990s. The paper also argues that this new ‘third round’ gentrification has to be seen as a dramatic reassertion of economics in the central urban land market. That this shift is also expressed within the popular cultural discourses accompanying the process reveals an altered relationship between economics and culture in fin de siècle gentrification. Cet article utilise les données sur les arriérés des impôts sur la propriété pour retracer le déclin de l’embourgeoisement á la fin des années quatre‐vingt et son renouveau dans les années quatre‐vingt‐dix dans le Lower East Side de New York City. Contrairement á ce qui fut dit sur la fin de l’embourgeoisement durant la récession, cet article fournit un dossier historique important qui montre le renouveau de l’embourgeoisement dans les années quatre‐vingt‐dix. Cet article soutient aussi que ce nouveau ‘troisième tour’ d’embourgeoisement doit ?tre regardé comme une réaffirmation dramatique de l’économie politique dans le marché foncier urbain central. Le fait que ce changement est aussi perceptible dans les discours de la culture populaire qui accompagnent ce processus révèle une relation changée entre l’écomonie politique et la culture dans l’embourgeoisement de fin de siècle.

Suggested Citation

  • Neil Smith & James DeFilippis, 1999. "The Reassertion of Economics: 1990s Gentrification in the Lower East Side," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 23(4), pages 638-653, December.
  • Handle: RePEc:bla:ijurrs:v:23:y:1999:i:4:p:638-653
    DOI: 10.1111/1468-2427.00220
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    Cited by:

    1. Chris Hamnett, 2003. "Gentrification and the Middle-class Remaking of Inner London, 1961-2001," Urban Studies, Urban Studies Journal Limited, vol. 40(12), pages 2401-2426, November.
    2. Benjamin Preis & Aarthi Janakiraman & Alex Bob & Justin Steil, 2021. "Mapping gentrification and displacement pressure: An exploration of four distinct methodologies," Urban Studies, Urban Studies Journal Limited, vol. 58(2), pages 405-424, February.
    3. Loretta Lees, 2003. "Super-gentrification: The Case of Brooklyn Heights, New York City," Urban Studies, Urban Studies Journal Limited, vol. 40(12), pages 2487-2509, November.
    4. Troy D. Abel & Jonah White & Stacy Clauson, 2015. "Risky Business: Sustainability and Industrial Land Use across Seattle’s Gentrifying Riskscape," Sustainability, MDPI, vol. 7(11), pages 1-36, November.
    5. O'Sullivan, Arthur, 2005. "Gentrification and crime," Journal of Urban Economics, Elsevier, vol. 57(1), pages 73-85, January.
    6. Heeyeun Yoon & Elizabeth Currid-Halkett, 2015. "Industrial gentrification in West Chelsea, New York: Who survived and who did not? Empirical evidence from discrete-time survival analysis," Urban Studies, Urban Studies Journal Limited, vol. 52(1), pages 20-49, January.
    7. Michael Indergaard, 2009. "What to Make of New York's New Economy? The Politics of the Creative Field," Urban Studies, Urban Studies Journal Limited, vol. 46(5-6), pages 1063-1093, May.
    8. Seth A. Williams & John R. Hipp, 2022. "The shape of neighborhoods to come: Examining patterns of gentrification and holistic neighborhood change in Los Angeles County, 1980–2010," Environment and Planning A, , vol. 54(2), pages 265-294, March.
    9. Juan Uribe-Toril & José Luis Ruiz-Real & Jaime De Pablo Valenciano, 2018. "Gentrification as an Emerging Source of Environmental Research," Sustainability, MDPI, vol. 10(12), pages 1-14, December.
    10. Juliana A. Maantay & Andrew R. Maroko, 2018. "Brownfields to Greenfields: Environmental Justice Versus Environmental Gentrification," IJERPH, MDPI, vol. 15(10), pages 1-17, October.

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