The Creative Destruction of New York City by Alessandro Bus?

Author:Alessandro Bus?
Language: eng
Format: epub
Publisher: Oxford University Press
Published: 2017-04-15T00:00:00+00:00

Small Local Businesses

Through the development of year-round uses and job opportunities for the residents, [the plan seeks to] facilitate the economic revitalization of the peninsula.70

On paper, the Coney Island rezoning is meant to “enhance and protect existing uses and previously existing uses.”71 But the plan doesn’t include any serious strategy aimed at preserving locally owned retail and at avoiding the forced relocation of local businesses. Despite anticipating the displacement of a few dozen small retailers, the city deemed mitigations unnecessary, claiming that “the proposed actions would re-introduce similar businesses with similar products and services, catering to both a residential and visitor consumer population.”72

Many businesses along the Surf and Mermaid Avenue corridors will be directly displaced by the rezoning. As these small businesses get evicted, most of the new tenants will likely be large companies that can afford higher rents. This is already happening along Surf Avenue, where chains are gradually replacing the old arcades and food joints. Other small local stores in the area will be threatened with indirect displacement, as many are located in single-story buildings that claim only a fraction of maximum allowable density allowed under the rezoning—an incentive for investors and landlords to demolish them to build denser and taller structures. Most of these businesses are small local stores, including car workshops and bodegas catering to the existing community near the amusement district.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.