Wednesday, October 15, 2008

Transit-oriented development vs. transit to stimulate development

I missed a forum last night on the New York City economy, but the Gotham Gazette has a good summary, which sets out a contrast between projects like Atlantic Yards and infrastructure to benefit growth and quality of life in general.

What projects should die, panelists were asked:
Julian Vitullo-Martin (whose article on Brooklyn retail appears on Gotham Gazette this week), a senior fellow at the Manhattan Institute, said she hopes Atlantic Yards will fall victim to economic woes. The city, she said, can no longer afford to subsidize the arena and residential complex in downtown Brooklyn.

Others cited the Javits Center expansion and Governor’ s Island.

What would they keep? Improved public transportation to the outer boroughs was one answer--as was a failure to plan:
“History will look back at us and see how much money we had — and we put nothing into our infrastructure,” Vitullo-Martin said. This includes “the most obvious and inexpensive” projects, such as light rail, which she said, “we did not even think about.”

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