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April 21, 2011

Fighting His Third Term Curse Bloomberg Now Uses His Own Money To Promote Mega-Projects That Aren’t Happening

Noticing New York

Michael D.D. White has noticed that Mike Bloomberg is running self-financed campaign-style TV spots, absent a campaign.

I caught one of these personally financed Bloomberg “campaign-style advertisements” the other day (it ended with the legend: “Paid for by Michael R. Bloomberg”). Whether it was nominally or otherwise intended “to bolster his battle with the teachers’ union” or “an effort to lift his sagging approval ratings” it, surprisingly, prominently devoted precious moments of its 30 seconds to promoting Bloomberg’s big, city-assisted real estate developments.

It is a surprise that Bloomberg should be promoting his city-assisted real estate developments given that Bloomberg, now into his third four-year term, has made so little headway with any of his mega-development dreams. Truth to tell, most of the 'jobs' they have so far created have been only for those in the demolition trades.

The projects initiated under Bloomberg have all so far involved mostly just destruction: Atlantic Yards, Willets Point, the Columbia University’s takeover of West Harlem, Coney Island.

It is also surprising that Bloomberg is advertising his languishing city real estate projects as “job creation projects” given that, for instance the Atlantic Yards arena is now mainly famous for the jobs it isn’t creating while the housing to be constructed is now conspicuously in the news for the cutback in jobs associated with the developer’s announced intention to shift to modular construction, building the tallest modular building in the world (if this pushing-the-limits of technology is permitted), and perhaps making the densest area of North America a forest of such units.


Posted by eric at April 21, 2011 10:51 AM