Lisa Chow
Lisa Chow is the economics reporter at WNYC. She tries to explore in her stories surprising aspects of New York’s many economies—in plain view or hidden, in neighborhoods or sectors.
Financial 411: A Solution to NJ’s Falling Real Estate Prices: A Tunnel Under the Hudson River?
Friday, July 30, 2010
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Financial 411
WNYC's Amy Eddings hosts a daily overview of financial news at 4:30 each weekday. This financial wrap delivers highlights of the day's business news delivered by WNYC's reporters with context, clarity and a New York perspective.
More - Join the Discussion [1]
The Regional Plan Association says a tunnel in the Hudson River will reduce travel times for New Jerseyans, and double the number of residents who can commute to Midtown Manhattan in less than 50 minutes. The researchers, who studied other transit improvement projects, found that for every minute saved in commute time, property values increased by $2,000.
WNYC’s Isaac Davy Aronson talks to Juliette Michaelson, a senior planner with the association, about the group’s findings.
Comments [1]
OK. I think this should be investigated by the staff. Because it really doesn't make sense. Wouldn't it be much better to create new industries and work centers in NJ and devolve commuting into working locally? NASDAQ is doing that.
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