NYC Will Pursue Place-Based Approach to Addressing Inequality

Last week, it was announced that Alicia Glen will step down as the head of Goldman Sachs' Urban Investment Group, where she "oversaw the investment . . . of over $2.8 billion in low-income development projects in cities like San Francisco, Newark, New Orleans and New York," to return to the public sector. In remarks delivered at a metal working factory in Greenpoint last Monday she hinted at the de Blasio administration's place-based approach to addressing inequality, reports Andrew J. Hawkins.

"I know we need to continue to develop and grow our city, and we will work with our partners in the non-profit, public and private sectors to do that," said Glen. "But that means not just focusing on the large-scale projects that have been front and center over the past decade, but focusing on a comprehensive approach to neighborhood revitalization."

"The deals the city makes with developers and private employers must address the creation of affordable housing and the 'type of retail and facilities the people in those communities need, want and deserve,' she said."

She added, "It's a very place-based approach."