Yup. "Urban renewal means Negro removal", as James Baldwin once said.
Silicon Valley did this in Whiskey Gulch, the small piece of East Palo Alto that's west of 101. East Palo Alto was Silicon Valley's one black city. In the 1980s, Whiskey Gulch was mostly liquor stores and bars, hence the name. When I lived a few blocks away in Menlo Park, I'd hear automatic weapons fire from there most weekends. (This was the era of the MAC-11 machine pistol, "the gun that made the 80's roar".) It's the only place I've ever seen a fully armored fried chicken outlet; you got your chicken through a turntable in the armor glass.
That problem was solved in 1997 by leveling the entire area and building a Four Seasons hotel and an office building full of lawyers.[1] Amazon AWS recently moved in there. No more black people, and no more gunfire.
[1] http://www.paloaltoonline.com/weekly/morgue/cover/1997_Mar_5...