FAQ About The Impact of Gentrification on Urban Cultural Landscapes
How do rising property values from gentrification affect cultural institutions?
Rising property values are a double-edged sword for cultural institutions. On one hand, they may receive increased funding and attention from wealthier patrons or donors interested in supporting cultural assets. On the other hand, the institutions themselves might face higher operational costs and potential displacement. If the new community demographic shifts in taste, institutions may also alter programming to stay financially viable, risking the integrity of culturally significant collections or performances.
