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Answer for the clue "The restoration of run-down urban areas by the middle class (resulting in the displacement of lower-income people) ", 14 letters:
gentrification

Word definitions for gentrification in dictionaries

WordNet Word definitions in WordNet
n. the restoration of run-down urban areas by the middle class (resulting in the displacement of lower-income people)

Wikipedia Word definitions in Wikipedia
Gentrification is a trend in urban neighborhoods, which results in increased property values and the displacing of lower-income families and small businesses. This is a common and controversial topic in urban planning . It refers to shifts in an urban community ...

Douglas Harper's Etymology Dictionary Word definitions in Douglas Harper's Etymology Dictionary
by 1977, noun of action from gentrify .

Longman Dictionary of Contemporary English Word definitions in Longman Dictionary of Contemporary English
noun EXAMPLES FROM OTHER ENTRIES ▪ The rising housing costs are a result of gentrification . EXAMPLES FROM CORPUS ▪ Boy, could they use a little investment, a little gentrification . ▪ Have we really moved since the 1840s, when gentrification was seen as ...

Wiktionary Word definitions in Wiktionary
n. The process of renewal and rebuilding accompanying the influx of middle class or affluent people into deteriorating areas that often displaces earlier usually poorer residents.

Usage examples of gentrification.

Their objective was a stretch of waterfront near the Marine Industrial Park that was in the nascent stages of urban renewal and gentrification, a city planner's attempt to upgrade this part of the South End into a reasonable facsimile of the more respectable neighborhoods across I-93.

Maxwellor Maxie, as he was familiarly called by his once and former rat fink girlfriendlived in a six-story walkup on a narrow street in Calm's Point, part of a section that had once been beautiful and civilized, had since become ugly and barbarous, and was currently targeted for gentrification in the next ten years, a cycle that was doomed to repeat itself though no one on the city council had a clue.