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November 29, 2007

Can New York Be Too Successful?

City Room [The NY Times]
By Sewell Chan

Has New York City’s remarkable economic expansion of the past decade been too much of a good thing? A panel of developers took up this question on Tuesday night in a panel discussion organized by the Municipal Art Society, with the title “The Oversuccessful City, Part 1: Developers’ Realities.”

Not surprisingly, no one really argued that the city could be too successful. Instead, the often spirited discussion — which at times seemed dominated by angry members of the audience — focused on the dilemmas of affordable housing and out-of-scale development. Projects like Atlantic Yards and the redevelopment of the Far West Side came up. Charles V. Bagli, who covers economic development for The Times, moderated the discussion.
[Professor Birch] pointed out that three of the most ambitious projects under way or on the drawing board — Atlantic Yards in Brooklyn, the Hudson Yards development proposed for the Far West Side of Manhattan, and the creation of a new Moynihan Station at the James A. Farley Post Office Building in Midtown — are going forward not under the city’s aegis but that of the state. “What has happened to city and its ability to lead and direct its own development?” she asked.


Posted by lumi at November 29, 2007 5:09 AM