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Priced Out - Stuyvesant Town and the Loss of Middle-Class Neighborhoods (Paperback)
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Priced Out - Stuyvesant Town and the Loss of Middle-Class Neighborhoods (Paperback)
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On an average morning in the tree-lined parks, plazas, and
play-areas of Manhattan's Stuyvesant Town housing development,
birds chirp as early risers dash off to work, elderly residents
enjoy a peaceful morning stroll, and flocks of parents usher their
children to school. It seems an unlikely location for conflict and
strife, yet this eighteen-block area, initially planned as
middle-class affordable housing, is the site of an ongoing struggle
between long-term, rent-regulated residents, younger, market-rate
tenants, and new owners seeking to turn this community into a
luxury commodity. Priced Out takes readers into this heated battle
as a transitioning neighborhood wrestles with contemporary
capitalist strategies and the struggle to preserve renters' rights.
Since the early 2000's, Stuyvesant Town's owners have sought to
transform this iconic Manhattan housing development into a luxury
destination for those able to afford the higher price tag.
Attempting to replace longtime residents with younger, more
affluent tenants, they have disrupted native residents' sense of
place, community, and their perceived quality of life. Through
resident interviews, the authors offer an intimate view into the
lives of different groups of tenants involved in this struggle for
prime real estate in New York, from students experiencing the city
for the first time to baby boomers hanging on to the vestiges of
middle-class urban life. A compelling, fascinating account of
changing urban landscapes and the struggle for security, Priced Out
offers a comprehensive perspective of a community that, to some, is
becoming unrecognizable as it is upgraded and altered.
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