Tuesday, October 10, 2017
Harlem's Black Churches Cash in on Gentrification
Churches are losing members but gaining profits from gentrification.
Nearly two dozen churches have either closed or been sold to developers for more than $50 million over the last decade, according to a review by DNAinfo New York and Harlem historian Michael Henry Adams.
The churches often sell because of a combination of factors including dwindling memberships, high maintenance costs and the lure of millions of dollars from developers ready to buy in Harlem. . .