Simultaneous Final Poster: Analytical
Below is the text from the poster.
1: After 1945 the Federal Government and Insurance companies provided economic decentives to live downtown and incentives for residents to move away from the inner city. These incentives and decentives, along with social push factors, caused affluent residents to move farther away from the city center. This migration is known today as suburbanization.
2: In 1965 the majority of houses in the inner city are owned, or lived in by low income residents. The lack of economic reinvestment in homes and businesses by affluent residents living in the area causes a major drop in property values. This then led to the greater economic deterioration of the inner city. As the inner city deteriorated economically, suburbanization continued pulling affluent residents toward areas farther and farther away from the inner city.
3: To combat the deterioration of the inner city area, In 1978 local city government devoted both public and private resources to a variety of city wide initiatives targeted at revitalizing inner city neighborhoods. These initiatives included grants and tax breaks, very much predominately targeting the new affluent residents in the revitalizing inner city neighborhoods. This new in-migration of affluent residents into the government incentivized inner city neighborhoods quickly raised property valued as the new residents restored and reinvested in old homes. The higher property values of these inner city neighborhoods targeted by the new affluent residents were too high for many low income residents to continue living in thire neighborhoods. Some moved to other cities while the majority were forced to move to other deteriorating neighborhoods within the inner city area.
4: While the inner city was struggling with discriminatory revitalization policies the suburbs around the city were continuing to grow and attract new affluent residents from both the inner city areas and other suburbs around the inner city areas. In 1989 As these suburbs grew they started to metropolinize, its residents living closer and closer together to save on land and transpiration costs.
5: Later the local city government reevaluated their policies towards incentivizing inner urban neighborhood revitalization. These new policies would incentivize low, middle, and high income residents. The city government then widened the area in 2000 in which the incentives would be implemented. These new incentives both encouraged the inward migration of affluent residents into old neighborhoods around the inner city area and also made it economically possible for low income residents to stay in the neighborhoods that they consider home.