January 3, 2010
Atlantic Yards, Bloomberg get national bad press
The Village Voice
This article notes how Mayor Bloomberg's pet project, the proposed Atlantic Yards, is a money-loser for the city. National media is catching on, too.
The press in other places have discovered the Mayor's pet Atlantic Yards project, with a scathing AP piece on the human cost of eminent domain and a firebreathing George Will column on how much the Founding Fathers would have disapproved. Neither mentions the mayor, but both make it far more difficult for Bloomberg to frame the project as one of the triumphs of his last term, as he did as recently as last week.
Newsweek, however, was a bit more pointed about it: as an economic engine, the city's investment in building His Honor's "luxury" city is a loser
The author, a fellow of the Center for an Urban Future, makes the case that the financial services and media industries which support His Honor's vision of New York as a premium "luxury product" are waning, and that the city must make itself more friendly to the middle class to survive. He makes the same case today in an article for Forbes, although that one blames the problem on the self-conscious liberalism of baby lawyers, B-school graduates and "trust[a]farians," and I have no idea what to do with that.
Suffice it to say the national roll-out of the New Bloomberg doesn't appear to be going well.
Posted by steve at January 3, 2010 4:41 PM