Much has been written concerning the decline and selective renewal of inner-city neighborhoods. The abandonment of these areas by significant institutions accelerated their decline and deprived them of both jobs and neighborhood identity. Using a participant observation approach, the development of a street fair and the redevelopment of an inner-city slum are analyzed over a twenty-two-year period (1976-1998). The study focuses on the role of this “ephemeral institution” (an art fair) on the renewal of the local neighborhood. This article also includes an analysis of the traveling community of artists who exhibit at the fair and their relationship with the host community.
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