Right now, Lafayette’s Five Points neighborhood looks like a twisted jumble of streets surrounded by businesses and homes in need of more than a little TLC.
But in a few years, city leaders think it’ll be a hub of rebirth, with developers sinking millions of dollars into replacing the old with the new.
What hasn’t been floated publicly in those talks is the G-word: gentrification. The neighborhoods surrounding Five Points have plenty of history, but also play host to many low- and middle-income Lafayette families. If investment comes in and raises the value of the property, would that drive some of those residents out of the market?