Since the 1960s, activists have used the term gentrification to describe and challenge the recent path of socio-economic and spatial restructuring in major US cities. Whether we limit its definition to the displacement/replacement of lower- by higher-income households or expand it to address the wholesale transformation of the city into a place of speculation and spectacle, gentrification has spread steadily driving up along the way real estate prices to unprecedented levels. In Chicago, gentrification has advanced in the last three decades to cover the ring of neighborhoods surrounding the CBD, the lakefront, selected train or station routes, and other areas particularly in the north side and is moving into many other locations of strategic importance to the public-private growth coalition presiding over the process.
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