Mayor Bloomberg is giving a boost to the gentrification trend that has been rapidly transforming the character of the South Bronx.
|
|
|
(NY Sun) -- Atop the steps of the Bronx Civic Center, with Yankee Stadium at his back, the mayor yesterday layid out a three-part South Bronx initiative that is expected to bring more than 8,000 housing units, 800,000 square feet of commercial space, and greens to areas surrounding Melrose Commons, the Bronx Civic Center, and the Grand Concourse. The All-Star Game is coming to Yankee Stadium in four weeks, and the mayor contrasted the prestige it will bring to the South Bronx with the despair of years past indicated by sports broadcaster Howard Cosell's famous phrase: "The Bronx is burning." "After years of both public and private underinvestment, today the South Bronx is seeing some $3 billion of new investment in housing, shopping, mass transit infrastructure, and schools," Mr. Bloomberg said. He said the South Bronx initiative was a way to extend this growth, calling it "a winning formula" that has already been successful in places such as Long Island City and Greenpoint-Williamsburg.
|
Email to a friend
Print version
Comments (0 posted):
Leave a Comment