Monkkonen on How Tech Companies May Cause Gentrification in Culver City
Paavo Monkkonen, professor of urban planning and public policy, spoke to the Los Angeles Times about Culver City residents who are fighting back against gentrification. As tech giants and streaming studios including Apple, Amazon, HBO and TikTok enter the city, neighborhood tensions flare as locals worry that they may be pushed out. “You have this kind of collective action problem where every small neighborhood or every municipality wants the jobs but not the new housing,” Monkkonen said. “So that pushes people out [with] farther commutes or gentrifying formerly lower-income neighborhoods nearby.” Culver City officials said they are attempting to address the housing issue by zoning for over 3,000 additional housing units by 2029 and enacting rent control ordinances like one from 2020 that caps annual rent increases to 5% for certain residential buildings.
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