New York City Is A 'Luxury Product'

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