Editing Potts Point (section)

===21st century===
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At the turn of the 21st century, almost all of Potts Point's hotels were acquired by developers attracted by the area's proximity to transportation and amenities. By 2004 most tourist hotels had been converted or rebuilt as expensive unit developments, resulting in a rapid wider [[gentrification]] of the area and increasingly large numbers of gay residents that make up a significant portion of affluent same-sex couples in Australia<ref>{{Cite web|url=http://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/4102.0Main+Features10July+2013|title=Australian Bureau of Statistics|date=25 July 2013 }}</ref> although the continued presence of a number of large and small backpacker hostels in Victoria Street and surrounding streets and dozens of pubs, nightclubs, restaurants and similar venues have confirmed the suburb's role as one of Sydney's leading entertainment precincts.

From 2003 to 2004, the [[City of Sydney]] undertook a major streetscape upgrade centred on Darlinghurst Road and the southern part of Macleay Street, involving footpath-widening, roadside tree-plantings and the installation of new paving, [[street furniture]] and lighting. Plans to force the replacement of historic neon shopfront and awning signage on [[strip clubs]] and other adult commercial premises in the area with generic signage proved more controversial and have not been implemented.{{citation needed|date=January 2018}}