Matt Schuerman, WNYC economic development reporter, and Greg David, editor of Crain's New York Business, look at the new railyard deal for Manhattan's west side and check in on the development of the Atlantic railyards in Brooklyn.
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Thursday, May 23, 2013
Anthony Weiner; Cyberwarfare; Economics of Weed; Airbnb
Former New York Congressman Anthony Weiner has announced he's running for mayor. He'll lay out his vision for the city. Plus: New York Times chief Washington correspondent, David Sanger, discusses cyberwarfare; the economics of pot; and WNYC's Ilya Marritz discusses the case of the man who was fined $2,400 for renting his apartment on Airbnb--and what it could mean for your summer rental plans.
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Comments [3]
Many, if not most, of the big projects seem stalled in New York, yet many smaller projects are moving forward. If we want the Atlantic Yards footprint to be developed, doesn't it make sense to pursue the alternate plan, UNITY, which is advocated by DDDb? The UNITY plan calls for multiple developers, which might be a better way to make sure that the area doesn't sit fallow for years.
The Ratner proposal sits in Prospect Heights, which remains one of the stronger neighborhoods for real estate. New York should take advantage of the strength of this market, even though Ratner doesn't have the means.
This was simply a Bloomberg give-away to a rich real estate developer. Shame on the politicians and the PRESS for not pointing this out.
Tishman is paying $1 billion for a 99 year lease. How does that get paid? $10 million/year? How does that help the MTA?
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