By the 1920s, of course, horses and carriages were out and the automobile was in. At the end of the decade the vast majority of the canals were filled in to make roads. The original Venice of dignified gentlemen and decorous ladies slowly became the Venice, CA of movies. By the 1960s it was inhabited by beatniks and hippies who - their other merits aside - were suboptimal for property values.
It wasn't until the mid-1990s, when property values began to skyrocket, that the contemporary canals were refurbished. Today the neighborhood - just a few blocks square - is home to movie stars, executives, and extremely rich businesspeople. A few feet of shrubs and very strong cultural norms are all that separate it from the rest of bohemian Venice, lending the whole entire experience a Disneyland-eque feel.
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