gentrification
/ˌdʒɛntrɪfɪˈkeɪʃən/
noun
- The process of improving a neighborhood so that it attracts wealthier residents, often causing original, poorer residents to move out.
- Gentrification has led to new coffee shops and apartments, but many longtime families can no longer afford to live there.
- The city council is studying the effects of gentrification on local communities.
- Some people welcome gentrification for reducing crime, while others worry about losing the neighborhood's character.