Reply #5: What this will do is that eventually all the people who live there now [View All]

[BrklynLiberal]

will no longer be able to afford to live there.
This will eventually bring "gentrification" or "yuppification" to the neighborhood, raise rents and property values, and everyone who lives there now and has lived there for decades will be priced out of the neighborhood.

At one time these were very busy docks with ships coming and going every day. There are still descendants of the sailors that worked there, living in some of the older homes.

The only ones who will benefit from this are the Real Estate Agents and the Real Estate Speculators.