In some parts of Philadelphia, it can seem like old neighborhoods are disappearing under a seemingly unending march of new luxury townhouses. But these perceptions can obscure other shifts taking place across the city.
That’s what the Pew Trusts’ Philadelphia Research Initiative discovered when it examined gentrification trends in the city from 2000-2014.
“During this period, 15 of Philadelphia’s 372 census tracts gentrified. However, over 10 times as many tracts — 164 — experienced statistically significant drops in median income during that period, as the estimated number of Philadelphians living in poverty grew by more than 60,000,” said Larry Eichel, project director.
He joined NewsWorks Tonight’s host Dave Heller to take a closer look at those shifts and the effects they’ve had. Click on the audio player above to hear their conversation.
See the full report.