This isn&#x27;t exactly anything new and leaves off what happens once the artists&#x2F;artisans finish making the neighborhood attractive to more development.<p>Actually, it&#x27;s exactly what happened to Dumbo in Brooklyn through the late 80s and 90s. Two Trees bought up most of the neighborhood for $12 million, gave free space to artists and performance venues like St. Ann&#x27;s Warehouse for 9 years, and shortened leasing arrangements to 2-4 years in order to attract startups and small shops that couldn&#x27;t sign 10 year leases.<p>Once they moved in enough people to make the neighborhood desirable they started developing luxury units. David Walentas went from hearing about Dumbo from an artist at a party to becoming a billionaire with Two Trees.<p>What I&#x27;d really like to hear is how this revitalization can include the artists that kicked it off. I have friends that grew up in Dumbo throughout this process, kids of artists that moved in in the 80s, and they&#x27;ve long since been evicted from their homes to make way for condos costing $1000&#x2F;sq ft.