Economic perspective | Social / racial perspective |
Improves public services such as re-pavement of streets, planting of trees and flowers | Higher property values and taxes, resulting displacements of poor and elderly residents, especially renters |
Provides better public safety and reduces crime | Reduces socioeconomic and racial diversity |
Creation of cafes, restaurants, and other new businesses improves job growth | Higher rentals force artists to leave and impacts the cultural life of the city |