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Ann Arbor, Madison, College Station, Chapel Hill, Boulder — Or Even Lawrence, KS! — Just With Taller Buildings

Fewer and fewer adults can live in Manhattan without enrolling at NYU, so you might as well just own it:

Sixteen teams of two participated at Still bar on Third Avenue at East 17th Street. In the game, players toss pingpong balls into cups — usually filled with beer, but last night with water — on their opponents’ side of the table. When a team sinks a shot in every cup, it wins.

Posted: May 11th, 2010 | Filed under: Manhattan, Well, What Did You Expect?

Savor This, Because It Will Probably Never Ever Happen Again In Your Lifetime

A subway project will be completed years before it is actually necessary:

The Metropolitan Transportation Authority and the Related Companies, the real estate concern, appear to be weeks away from a final agreement on the long-delayed $15 billion redevelopment of the railyards on the Far West Side of Manhattan.

Under a deal unveiled Monday, Related would commit to the project with a $21.7 million down payment. But the company would not have to close on the project — and therefore start paying the 99-year lease — until after the city’s real estate market improves.

Here are some more details about what benchmarks constitute an “improving” real estate market (“Assuming Related signs its contract with the M.T.A., it will not have to close on the deal and thus be on the hook to start paying rent worth about $1 billion until the three triggers are hit. That kicks the can down the road some on the question of whether or not Related will indeed go ahead with the deal, which seems quite risky right now.”).

Remember, Bloomberg put everyone in debt for the $2 billion subway extension — something to think about if (when?) services are cut in the coming FY2011 budget. The argument for the bonds went that by developing the railyards, the City would recoup the costs of the extension through higher property taxes. Revenue-raising tax base-based developments may have worked in the 19th century (think Central Park), but today’s regional economy seems more like a zero-sum game (unless you really think New York City will have 1 million new residents by 2030 — perhaps the 2010 census will shed some light about where they are in that bold prediction).

Back to the 7 extension though — would it have been so bad to try out Bus Rapid Transit in a part of the city that doesn’t even have the infrastructure to support an expensive subway project? Or is the dirty secret about BRT that everyone knows in their heart of hearts that it’s kind of lame? Think about what a $2 billion bond could have done for other transportation projects — even current transportation projects — even current transportation projects in Manhattan (East Harlem seems like a good candidate for some wealth creation — and people actually live there already!).

Posted: April 27th, 2010 | Filed under: Follow The Money, Manhattan, Real Estate, See, The Thing Is Was . . .

What If Gossip Girl Were More Like Law & Order?

Then they’d quickly integrate really cool story lines like this into the show:

An Upper East Side all-girls prep school is accusing two elderly women in rent-controlled apartments of stalling its plan to expand to the building next door.

The Nightingale-Bamford School on East 92nd Street said it has done everything by the book since it purchased the adjacent space in 2007 for $9 million, and should be allowed to take over the four-story building.

But two women who have lived at 28 E. 92nd St. for nearly 40 years aren’t so enamored of the eviction and expansion effort.

. . .

“They are harassing two elderly women and trying to drive them out of their homes,” said lawyer David Rozenholc. “I really believe they’re heartless. They knew these elderly people lived there when they bought the building. I think it’s terrible.”

Posted: February 21st, 2010 | Filed under: Class War, Manhattan, Real Estate

Studies Prove It Once And For All: Lawn Furniture Saves Lives

And once you go to the trouble to install all that raised sidewalk, it’s annoying to have to get rid of it:

Broadway will remain permanently closed through Times Square after an eight-month tryout that infuriated cabbies but delighted tourists.

Mayor Bloomberg is set to announce the decision Thursday morning after weighing the complaints of area businesses against City Hall’s statistics.

One person familiar with the conclusions said traffic speeds increased slightly on Seventh Ave., but less than the 17% improvement DOT engineers predicted.

. . .

“If lives are being saved, it’s really hard to argue with,” said Transportation Alternatives spokesman Wiley Norvell.

Location Scout: Times Square Pedestrian Mall.

Posted: February 11th, 2010 | Filed under: Architecture & Infrastructure, Manhattan, See, The Thing Is Was . . .

Andrew Berman Has Blood On His Hands

It’s funny — it wasn’t so long ago that when St. Vincent’s Hospital was talking about expanding, people in Greenwich Village seemed to question the appropriateness of having a hospital like that in the neighborhood. Now that the hospital may close, people can’t think of what life would be like without it:

So far, the hospital, which is $700 million in debt and in danger of bankruptcy, has not found a partner. Continuum Health Partners, a consortium of hospitals in Brooklyn and Manhattan, had offered to take over its outpatient facilities, but then withdrew that offer, in part because of community opposition to Continuum’s plan to shut down most emergency room functions and to send 911 ambulance calls to other hospitals.

Where to get more money was a major topic of Friday’s meeting, which was attended by the City Council speaker, Christine C. Quinn; Assemblyman Richard N. Gottfried; and representatives of the hospital workers’ union, Local 1199 of the S.E.I.U.; the city comptroller’s office; the nurses’ association; and others, according to attendees.

Mr. Gottfried said that representatives of the United States Department of Housing and Urban Development talked about providing mortgage insurance to refinance loans. One person at the table reportedly wondered whether the Department of Homeland Security might extend money to St. Vincent’s, which played a major role in treating survivors of the Sept. 11 terrorist attack.

“There is no getting around it — the situation for St. Vincent’s Hospital is critical, and we are all extremely concerned,” Mr. Nadler said in a statement afterward. “At the moment, we are actively engaging federal agencies to provide resources.”

Location Scout: St. Vincent’s Hospital Manhattan.

Posted: February 6th, 2010 | Filed under: Blatant Localism, Manhattan, Quality Of Life
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