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How do municipalities benefit from gentrification

1 Answer

5 votes

Final answer:

Gentrification can benefit municipalities through increased property values, economic growth, and improvements in public infrastructure and services.

Step-by-step explanation:

Gentrification can benefit municipalities in several ways. Firstly, it can lead to an increase in property values, resulting in higher property tax revenue for the municipality. Additionally, gentrification often attracts new businesses and investments to the area, boosting the local economy and creating job opportunities. Lastly, municipalities may see improvements in public infrastructure and services as a result of increased tax revenue.

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User Shawnta
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