I don't know. How does New York deal with people in finance and artists in the same place? Do all the artists just live in Brooklyn now, instead of Manhattan?
Yes, more or less. But there has been a number of areas getting gentrified before it. Meatpacking district, Lower East Side, Williamsburg. At least that's what I've heard, someone from NY could probably tell you if this story hadn't been flagged to death.