New York City Is A 'Luxury Product'

Mayor Michael R. Bloomberg said that businesses should be willing to pay more to operate in New York City because it is a "luxury product."

1 minute read

January 8, 2003, 11:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

Addressing an audience of corporate, cultural, government and labor leaders attending an economic conference at Rockefeller University that was closed to the press, Mr. Bloomberg said the city needed to act like a private company and strengthen its brand to market itself better to those businesses that can afford it...Mr. Bloomberg's address signaled, in perhaps the starkest terms yet, his change from a man who thought higher taxes would 'destroy this city' to one who sees the city he governs as a value-added commodity."

Thanks to Abhijeet Chavan

FULL STORY: Mayor Says City Is Worth Cost

Wednesday, January 8, 2003 in The New York Times

Government / Politics New York

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