37. Which of the following best describes the process of gentrification in United States and Canadian

cities?

a. An increase in construction of new housing for elderly and retired persons

b. Privately funded redevelopment of existing commercial and residential buildings

c. Government-led planning of public spaces such as parks and riverfronts

d. The sale of naming rights for stadiums and arenas

e. The expansion of suburban housing developments on the urban periphery

B. Privately funded redevelopment of existing commercial and residential buildings

Explanation:

The process of gentrification in U. S and Canada relate to how private own companies pull resources together for the redevelopment of an area into a taste that will conform to the middle class. It provides and avenue for those wealthy individuals to move to urban settlements which in return brings about transformation and redevelopment of the culture and property value of the area.

Investors in Tokyo the 1970's were purchasing available properties so as to bring about redevelopment in the areas. Areas like Ottawa, Montreal were also involve in this in the twenties.

The gentrification that took place in U. S started in Atalanta in the 1970's