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There have been big improvements in the downtown area & the ironbound is pretty livable and desirable. A whole foods is even set to open up. Transportation into manhattan isn't horrible but becomes pretty limited during off hours.
Newark is a great example of a city that could use gentrification. With all the urban decay and poverty, the demographic pendulum probably wouldn't swing too much. I Newark does gain some wealthier, upwardly mobile residents. It's such a large urban center that seems to have gone to waste.
There have been big improvements in the downtown area & the ironbound is pretty livable and desirable. A whole foods is even set to open up. Transportation into manhattan isn't horrible but becomes pretty limited during off hours.
Well the Path trains run all night, so I wouldn't say transportation is too limited.
I don't expect Newark gentrification to fully take off at least until Jersey City gentrification completes. Right now there are still plenty of areas like Journal Square that are not fully gentrified yet but are still more desirable than Newark. If people start to get priced out of Jersey City only then would I expect any big upswing in Newark gentrification.
The other big hurdle Newark needs to overcome is crime. The city has a bad reputation that needs to be cleaned up before they can attract newcomers to the city.
There have been big improvements in the downtown area & the ironbound is pretty livable and desirable. A whole foods is even set to open up. Transportation into manhattan isn't horrible but becomes pretty limited during off hours.
Newark is a great example of a city that could use gentrification. With all the urban decay and poverty, the demographic pendulum probably wouldn't swing too much. I Newark does gain some wealthier, upwardly mobile residents. It's such a large urban center that seems to have gone to waste.
Gentrification follows areas which grant tax benefits for corporations. And then the jobs come, and then you have gentrification. Until Christie and the NJ bureaucrats wake up, and realize everyone except low income and union is leaving the state on high property, income and corporate taxes, Newark will stay that way.
NJ really is in a bind. NJ is broke. NJ has had years of corruption, with people like Corzine as governor who eventually went on to cheat his customers as head of MFGlobal. NJ needs tax money and more people are leaving because of that.
I don't expect Newark gentrification to fully take off at least until Jersey City gentrification completes. Right now there are still plenty of areas like Journal Square that are not fully gentrified yet but are still more desirable than Newark. If people start to get priced out of Jersey City only then would I expect any big upswing in Newark gentrification.
The other big hurdle Newark needs to overcome is crime. The city has a bad reputation that needs to be cleaned up before they can attract newcomers to the city.
I think that this may be a fallacy, places like Morristown and Montclair were able to clean up and strengthen their downtowns without any need for gentrification by priced out NYers.
I think Newark will begin to develop and improve on its own without the need for "gentrification" by those priced out of New York. Newark has so many positives regarding a strong business downtown, a number of federal offices, the HQ's of major corporations, Pru Center, Easy access through multiple transportation modes, and a lot of business development occurring, the massive housing boom seen in JC has not arrived yet but seems to be in its early stages.
Regarding where the current residents would go, a rising tide tends to lift all boats. If the city begins to draw major employers and industrial businesses I would expect both that jobs will become available on a fairly major scale and wages would increase for all parties. But let's not forget, at Newark's peak it had roughly twice as many people, without any meaningful downtown housing, there is plenty of room for tens of thousands of new residents. The repopulating of NJ cities could go a long way toward relieving the overall housing crunch and keeping housing costs in check in the region
I think that this may be a fallacy, places like Morristown and Montclair were able to clean up and strengthen their downtowns without any need for gentrification by priced out NYers.
How can you compare Newark to places like Morristown and Montclair? Those towns were never even close to the level of disrepair and crime that plagues Newark.
How can you compare Newark to places like Morristown and Montclair? Those towns were never even close to the level of disrepair and crime that plagues Newark.
My point is more they are each "far" from NYC, have strong and downtowns and good transportation connections. Strong enough to recover without be necessarily reliant on ex-new yorkers. Morristown and Montclair are similar in many ways to Hoboken and pocket neighborhoods in NY that relied on gentrification whereas Montclair and Morristown did not in the same sense rely on gentrification to improve
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