Affordable Housing Gives Life to The Bronx
The Bronx is slowly shedding its negative image as it boasts a job growth that is outpacing the entire New York City, and the fastest wage increases than any other borough in the city, reports Daniel Massey for Crain's New York Business.
The Bronx used to be a place that people fled, but Massey how it has made a turnaround:
"Housing has played a vital role in the borough's turnaround, attracting people to a borough they once fled and setting the stage for a gradual economic revitalization."
"Fueled by its relative affordability, its proximity to Manhattan and its transportation links, the Bronx is 'the last bastion of opportunity in the city,' said Marlene Cintron, president of the Bronx Overall Economic Development Corp. 'The Bronx is the place that is ripe for development.'"
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Published on Sunday, July 24, 2011 in
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