Thursday, May 31, 2012

Gentrification Efforts in the 90's


Mimicking many other old Columbus neighborhoods like Victorian Village, Short North, German Village, etc the Olde Town East Neighborhood had their own efforts.  Similar to that of most gentrification efforts these displaced people in many ways.  Some of the efforts to "revitalize" the neighborhood included a commission and extremely strict code enforcement.  The code enforcement was targeted to homes that were or could become profitable for real estate speculators.  The city of course obliged based on the fact the new investment would bring capital and tax dollars back into the neighborhood.  This was of course extremely unfair to those on a fixed income who had lived there for years.  The residents not only couldn't afford to make improvements the city was all of the sudden making up and enforcing but they were having hefty fines being levied on them and their homes.  A very strong arm move by the city and it worked on a limited scale.  A very interesting thing was those codes were not enforced city wide, just in areas of interest.  At the end of the 90's and into the recession interest in the Olde Town East area dwindled which is why the housing market is so disparate. 

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