Here, it's a bit different as there are no high paying jobs to justify such gentrification yet there seems to be only one recipe.
Now, the city has realized that they will need to build a new sewage treatment plant to accommodate the additional requirements that these condos bring.
And that is one thing we learn in city planning that every planner in position seems to forget: people need services while industry and offices don't.
While condos bring additional taxes to the city, it also brings the need for parks, schools, aqueduct, sewers, transport, arenas, libraries, pools and so on. All these cost a lot of money.
BTW, I just found one of the few pictures I have of the bowling's mythical sign.
The place was really hard to photograph properly without being run over by heavy traffic.