Gentrification ~ (jěn’trə-fĭ-kā’shən) - Noun
** The restoration and upgrading of deteriorated urban property by middle-class or affluent people, often resulting in displacement of lower-income people.
** The buying and renovation of houses and stores in deteriorated urban neighborhoods by upper- or middle-income families or individuals, thus improving property values but often displacing low-income families and small businesses.
** An instance of gentrifying; the condition of being gentrified.