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So the city is practically broke, and they want to develop even more? There is little industry left here, and the backbone of New York, the middle class, is fleeing. New York is turning into a pre civil war plantation. Either you are a rich owner, or a trapped servant. There is little balance, and places like Houston are going to close the gap in economic production very quickly. These dynamics make for a horrible environment in every way possible, especially for the so called greatest city on earth.
More yuppy housing with a minimal percentage going to the lower classes. This is going to push out long term residents that stuck with the place when it was a hole in the 70s/80s/90s. To me this smells and sounds like the reincarnation of the soon to be failed Ratner plan in Brooklyn, except in this case the stadium is just about complete. We saw the lies with that and I am sure we will see lies around this. Just another yuppy scam. But let me ask you the million dollar question...how and why can we even utter building more housing when we have lost THOUSANDS OF JOBS???? Construction = temporary jobs, so here come the inflated statistics about permanent jobs. Increasing housing stock + decreasing jobs is the Miami housing bust. We should be bringing back industry (clean 2009 green type stuff at least) and giving them tax breaks to operate to diversify our economy as a hedge during bad times.
Lofts? Are you kiddin me? Aim for smart development. The whole city doesnt have to be a copy of soho!
I would like to see the Grand Concourse become what it was during its glory days. Housing affordable for the common man. Shops owned by local people. Not a poor man's soho/village with the vibrant psuedoculture that engulfs much of Manhattan.
Gentrification of the Bronx is real slow. Its going to take a while for things to change, compared to the rapid changes we all saw in Harlem, Long Island City and in Brooklyn. The initial changes so far have started in or around 138 street corridor with those condos being built by the water front, and development being built on 138 and 3ave. Also that abandoned gas station is going to be bought very soon for a possible tower building. That school on 144th street has been condemned and grazed to the ground. The post office is getting revamped. A hotel is opening right behind that bulldozed public school. It looks like things are coming but still slowly. I think Real Estate brokers, and developers are still worried about investing in the Bronx. The big problem with the lower concourse is that lots of riff raff also lives there and can not be forced unless NYCHA sells buildings, Section 8 folks move to Staten Island or out of the city for good, or some sort of catastrophe on par with Hurricane Katrina.
Last affordable place in NYC! Rich yuppies go move to BROOKLYN.
This would have never happened if Greenwich, West Village, East Village, Lower East Side started to face the wrath of gentrification 3 decades ago which caused it to spill into Brooklyn and Lower Queens.
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