Marketplace®
Every story is an economic story

York & Fig: How gentrification flips a neighborhood

How do cheap mom & pop shops, check cashing places, and appliance repair stores get replaced by hot yoga studios, vegan-friendly restaurants, and third wave coffee shops?

For 23 years, Frank Cordova owned a little shop on Figueroa Street in Highland Park. It’s one of those shops that sold a bit of everything: Shampoo, car speakers, picture frames, dictionaries, all at a deep discount. Frank had been behind the counter, selling this stuff every day since 1991, when he hired a mariachi band to play at his grand opening.

In all the years since, he’d taken no vacations, no sick days, no days off for anniversaries or birthdays. His motto: “If it’s raining you come to work. If it’s sunny you come to work. If it’s cold you come to work. If it’s windy you come to work. No matter how it is, you always come to work.”

That is, until the day you don’t.

Read the rest of this story at YorkAndFig.com

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace
    a few seconds ago
    25:22
  • Marketplace Morning Report
    8 hours ago
    7:09
  • Million Bazillion
    12 hours ago
    30:57
  • Marketplace Tech
    12 hours ago
    12:45
  • This Is Uncomfortable
    6 days ago
    28:44
  • Make Me Smart
    4 months ago
    24:33