Home › News ›

Hurry Up and Wait

Posted by: Alek Miller

29 October 2009 - 2:00pm

NYC's Mayor Bloomberg oversaw the rezoning of thousands of blocks, yet many of the development projects he envisioned as the key to the city's future success are now stalled or in jeopardy.

"His administration poured $16 billion into financing to foster commercial development and affordable housing and created quasi-local organizations to promote its initiatives and blunt neighborhood opposition.

And when the economy was burning white hot, as it did for several years, the mayor’s plan appeared to be bold and forward-looking, a prescient decision to remake portions of the city in order to lure companies, create jobs and increase economic vitality.

But that vitality is missing in some sections of New York today, where developments spurred in part by easy credit and in part by city initiatives are now stalled or in danger of collapse."

Full Story: A Stalled Vision: Big Development as City's Future
Source: The New York Times, October 28, 2009
»
Bookmark and Share
“
There are limits to the amount of pollution the environment can absorb without reducing ecosystem services and impairing both human health and the sustainability of our economy.
”