Tag: Money

  • Empty Stores, Bright Lights: Is NYC Still a City for Business?

    Empty Stores, Bright Lights: Is NYC Still a City for Business?

    The city Mamdani inherited.

    News 12 Brooklyn’s Post : The former Macy’s building in Downtown Brooklyn is lit up again, now glowing with vibrant fuchsia and purple lights as part of an installation called “In Every Transition, A Pattern” by Masary Studios.

    Funded through a city program that awarded 13 public realm grants totaling just over $1 million, the project aims to reactivate commercial corridors and is a welcome change for some residents.

    City and business leaders say the display is meant not only to beautify the vacant storefront, but also to boost foot traffic and support local businesses along Fulton Street.

    Sources: News 12

    Opinion: Maybe instead of handing out millions in taxpayer money to “friendly” nonprofits to create the illusion of a comeback, the city should cut—or even suspend—property taxes for both residents and businesses (yes, like “horrible Trump” has suggested) and make rent in that building affordable for real stores. What we’re getting now isn’t revitalization—it’s glowing, empty windows: retail ghosts.

    At this point, it feels less like rebuilding and more like turning New York into a Potemkin showcase—lights on in vacant buildings to convince “tourists from the West” that progressive socialism is thriving.

    Sources:  News 12 , Midtown Tribune news
     RussNY.com

    Midtown Tribune Independent USA news from New York