Maintaining Momentum: Can New York’s Ambitious Development Agenda Survive an Economic Downturn?

Maintaining Momentum: Can New York’s Ambitious Development Agenda Survive an Economic Downturn? The city’s economy is slowing and construction costs remain extraordinarily high, but the Bloomberg administration still has its sights set on far-reaching development projects. Will New York be able to maintain its fast pace of residential and commercial renewal? How are neighborhoods responding to zoning changes intended to spur growth? And what are developers doing about increased costs, tightened credit and flattening property values?

Speakers: Robert Lieber, Deputy Mayor for Economic Development and Rebuilding, City of New York Hon. William Thompson, Comptroller, City of New York Gregory Heym, Executive Vice President and Chief Economist, Terra Holdings, LLC Brad Lander, Director, Pratt Center for Community Development Rafael Salaberrios, President, Bronx Overall Economic Development Corporation Julia Vitullo-Martin, Senior Fellow, Manhattan Institute, and Director, Center for Rethinking Development

Moderator: Greg David, Editor, Crain’s New York Business 

Supported by Edison Properties, the Milano Foundation and the Sirus Fund.

Government & CommunitiesAbigail KramerBloomberg, communities, community infrastructure, construction costs, cost, developers, development, development projects, economic crisis, economic slowdown, economic turndown, economy, growth, housing, infrastructure, Mayor Bloomberg, Michael Bloomberg, neighborhoods, policies, politics, property values, public policy, recession, urban development, urban policyComment