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This article discusses the history and political economy of the neighborhood life-cycle or "stage" theory, an evolving real estate appraisal concept used as a basis for urban planning decisions in the United States. The life-cycle theory was revived by the U.S. Department of Housing and Urban Development after the urban riots of the 1960s and used by local planners to encourage the "deliberate dispersal" of low-income and African-American urban neighborhoods, followed by the eventual reuse ofdoi:10.1080/10511482.2000.9521359 fatcat:wohvowef2jfipba6ciov3m6amy