Neighborhood Life Cycle |
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Neighborhood Life Cycle |
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Because a neighborhood is subject to constant change, all neighborhoods (residential, commercial, industrial) exhibit a life cycle. The neighborhood life cycle can be separated into four distinct phases.
The four phases of the neighborhood life cycle are:
A period where neighborhood properties are renovated and improved is called Gentrification. Gentrification may be a part of the revitalization process but is not one of the phases in the neighborhood life cycle.
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