The Opportunity Zone initiative was designed to re-structure incentives to encourage development in underserved areas. But it could also exacerbate the affordability crisis in Brooklyn by giving huge tax breaks to upscale developments.
Category: <span>Economy</span>
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For Some DUMBO Small Business Owners, Cheap Rent is Not Enough to Survive
The Shops at 145 Front Street seems like the perfect opportunity for business owners who need affordable rent and amenities in DUMBO. But many businesses last only months. Why are they leaving so quickly?
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Man in the Middle
Councilman Carlos Menchaca has delayed a rezoning decision that would expand Industry City on the Sunset Park waterfront. And everybody, is watching.
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The Desperate Search for a Reasonable Rent
One study says that for every rent-stabilized apartment in New York City there are some 900 applicants.
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Bedford Avenue Locksmith Thrives to Withstand Changes and Threat
In Bedford-Stuyvesant, changes in recent years have rendered a lot of small mom and pop stores obsolete. The Martinez's locksmith shop has been trying to keep up with the game.
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Behind Closed Doors
While the New York City skyline soars, is overcrowding in strictly zoned Dyker Heights flying under the radar?
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Brooklyn Bets on the Garment Industry
Fashion and garment industry companies speak out as politicians spar.
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The Riddle of the Indie Bookstore: A Rookie and a Veteran Tell All
The independents, it turns out, are doing OK. A veteran tells how it’s done and a newcomer describes her dream store.
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All They Want for Christmas is Some Cooking Gas
Between a slow city bureaucracy and a slower legal system, some tenants haven’t been able to cook for months. Are landlords trying to push them out?
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In the Age of Trump, an Immigrant Labor Group Rethinks Its Mission
Bensonhurst: At the Workers Justice Project, serving immigrant laborers, some members are fearful. And some are not.