[zozbot234]

Redevelopment often mitigates housing scarcity in general, including for existing residents. They may have to move to a slightly smaller apartment within a generally much improved area, which usually leaves them better off. This is especially true for LVT, which amounts to a decrease in property tax for the improvements to land.

[senordevnyc]

They may have to move to a slightly smaller apartment within a generally much improved area, which usually leaves them better off.

Good luck selling this to voters.