The Bronx: Don’t Call It a Comeback
“The Bronx is changing. No neighborhood is stagnant; it’s the nature and substance of the shifts that can cause friction. The South Bronx is seeing a boom of development and new enterprise and it is gentrifying in that it is a low-income neighborhood where rental and home sales prices have been rising rapidly. Median rent in the borough has increased by 45 percent since 2005, reaching $1,130 in 2016. In gentrifying neighborhoods a common grievance from long-time residents is that, in addition to causing prices to rise, newcomers have a different sensibility and don’t respect the neighborhood’s history and the locals’ longevity. But many new initiatives in the borough are from Bronx natives who are demonstrating a generational shift in mentality. They want the people who come after them to dream not of getting out of their hood, but enhancing it.”