The Creative Destruction of New York City : Engineering the City for the Elite

**__The Creative Destruction of New York City__** **tells the story of fifteen years of shocking urban changes under the administrations of Bloomberg and de Blasio, and identifies the urban regime of city producers who are rebuilding cities like New York for a brand new global class of super-wealthy city consumers.** Bill de Blasio's campaign rhetoric focused on a tale of two cities: rich and poor New York. He promised to value the needs of poor and working-class New Yorkers, making city government work better for everyone-not just those who thrived during Bloomberg's tenure as mayor. But well into de Blasio's administration, many critics think that little has changed in the lives of struggling New Yorkers, and that the gentrification of New York City is only expanding at record pace across the Five Boroughs. Despite the mayor's goal of creating more affordable housing, Brooklyn and Manhattan sit atop the list of the most unaffordable housing markets in the country. It seems that the old adage is becoming truer: New York is a place for only the very rich and the very poor. In __The Creative Destruction of New York City__, critical urban scholar Alessandro Busà travels to neighborhoods across the city, from Harlem to Coney Island, from Manhattan's Far West Side to East New York, to tell the story of fifteen years of drastic rezoning and rebranding, updating the tale of two New Yorks. There is a gilded city of sky-high glass towers where Wall Street managers and foreign billionaires live-or merely store their cash. And there is another New York: a place where even the professional middle class is one rent hike away from displacement. Despite de Blasio's rhetoric, the trajectory since Bloomberg has been remarkably consistent. New York's urban development is changing to meet the consumption demands of the very rich, and real estate moguls' power has never been greater. Major players in real estate, banking, and finance have worked to ensure that, regardless of changes in leadership, their interests are safeguarded at City Hall. __The Creative Destruction of New York City__ is an important chronicle of both the success of the city's elite and of efforts to counter the city's march toward a glossy and exclusionary urban landscape. It is essential reading for everyone who cares about affordable housing access and, indeed, the soul of New York City. New York didnt become a city for the 1% by accident, and this book is essential reading for understanding how it all happened. Jeremiah Moss, author of Vanishing New York: How a Great City Lost Its Soul Bus's energetic scholarship digs under New York's recent branding as 'trendy' and 'green' to unearth the real effects of zoning changes on the city's neighborhoods. He illuminates the central role of land politics in making the city less affordable--and less authentically 'New York.' This is a passionate cry for the city's soul." - Sharon Zukin, author of Naked City and Loft Living "Talk of hyper-gentrification, skyrocketing real estate and the 'end of New York' comes bundled with despair and helplessness. What can I do about any of this? you might think hopelessly. A new book by Alessandro Bus may not make you feel better, but it will provide you with the tools you need to better understand the rules of the game and those in positions of power who move the pieces." - The Bowery Boys, authors of Adventures in Old New York "Busa's powerful new book confirms that a mayor elected to reverse Bloomberg's vision for an upscale New York City instead expanded it... Busa does not offer a happy story, but it is an honest one." - Randy Shaw, author of The Tenderloin: Sex, Crime, and Resistance in the Heart of San Francisco "The book is thoroughly researched, but written with a storyteller's deftness. The Creative Destruction of New York is recommended for readers regardless of their interest in New York City, because it highlights how historic actions by both the public and private sector can affect minority and low-income communities." - The Englewood Review of Books "A noteworthy and much-needed addition to the geography of gentrification [...] The book enriches the interdisciplinary New York canon and contributes significantly to the late 20th-century/early 21st-century political and historical geography of the city while demonstrating its inexhaustible, and often alarming, possibilities." - Urban Studies A superb account of the frenzied state of what can best be described as hyper-gentrification in New York City. The book balances academic rigour with storytellingthe result a rich, readable and energizing book that makes its arguments persuasively. Loretta Lees, co-author of Gentrification and Planetary Gentrification Alessandro Bus shows how massive changes in New Yorks built environment result in the same dismal outcomes for the less advantaged. This is an essential read for anyone concerned with how great cities are becoming increasingly exclusionary even while fostering creativity. Susan S. Fainstein, Senior Research Fellow, Harvard Graduate School of Design A searching look at how New York changed from a place of affordable (if tiny) walk-ups to a playground for the ultrawealthy. Kirkus Review Alessandro Bus combines his rich personal encounters with daily life in New York Citys neighborhoods with meticulous research and deep historical analysis. This is an engaging tale of the ways that capital and its growth machine, driven by real estate and finance, have shaped the city, resulting in a continual cycle of creative destruction that has consequences obscured by the citys branded image. Tom Angotti, Professor Emeritus, Hunter College, author of New York for Sale "Blisteringly relevant" - Joel Lobenthal, author of Radical Rags: Fashions of the Sixties "The book is less focused on the symbolism of luxury skyscrapers than it is on the political mechanics that reinforce and exacerbate conditions in what is already one of the world's most unequal cities. It's a useful guide for understanding the relationships between the "alphabet soup" of quasi-public agencies, the revolving door of political appointments and the "FIRE" (finance, insurance and real estate) sector, and the imperatives of "branding" the city for elite newcomers." - Council on Tall Buildings and Urban Habitat "Essential to understanding New York politics in the early twenty-first century." - Dissent Magazine The Creative Destruction of New York City tells the story of fifteen years of shocking urban changes in New York City under the administrations of Bloomberg and de Blasio, and identifies the urban regime of city producers who are rebuilding cities like New York for a brand new global class of super-wealthy city consumers. Bill de Blasio's campaign rhetoric centered on a tale of two cities: rich and poor New York. He promised to value the needs of poor and working-class New Yorkers alongside the elite, making government work better for all denizens of New York, not just those-the elite-who thrived during Bloomberg's tenure as mayor. But well into de Blasio's administration, many critics see the city finding myriad new ways to create profit for land owners and developers through a constant process of destruction and rebuilding. Many lauded his goals of creating more affordable housing, but, in 2015, Brooklyn was deemed the most unaffordable housing market in the United States, when viewed as a median income-to-median home cost ratio. Manhattan even with its higher median income, was the third least affordable market. Its notable new buildings include the much-maligned 432 Park Avenue, which is usually uninhabited due to the fact that most of its units are fourth residences. The old adage is becoming truer: New York is a place only for the very rich and the very poor. In The Creative Destruction of New York City , urban scholar Alessandro Busa tells the story of fifteen years of shocking transformations in the city, and an updated tale of two New Yorks, circa 2017. There is a gilded city of sky-high glass towers where Wall Street managers, Hollywood celebrities and Middle-Eastern billionaires live their glamorous lives or stash their offshore cash. And there is another New York, a city where even the professional middle class is one rent hike away from eviction. Despite de Blasio's rhetoric, the trajectory since Bloomberg has been remarkably consistent. A brand new global class of super-wealthy city consumers has been born, and, Busa argues, New York's urban development is changing to suit their ostentatious consumption demands. Meanwhile, the power of city producers, those who hold all the cards in the city building game, has never been greater. Power players in real estate, banking and finance have managed to ensure that, regardless of changes in leadership, their interests are safeguarded at City Hall. By aggressively re-zoning and re-branding neighborhoods across the board, they are producing a brand new city, a repackaged wonderland of lavish real estate targeting the elite market. The Creative Destruction of New York City is an important chronicle of both the success of the city's elite and of efforts to counter the city's march toward a glossy and exclusionary urban landscape. It is essential reading for everyone who cares about affordable housing access and, indeed, the soul of New York City. Bill de Blasio's campaign rhetoric focused on a tale of two cities: rich and poor New York. He promised to value the needs of poor and working-class New Yorkers, making city government work better for everyone-not just those who thrived during Bloomberg's tenure as mayor. But well into de Blasio's administration, many critics think that little has changed in the lives of struggling New Yorkers, and that the gentrification of New York City is expanding at a record pace across the five boroughs. Despite the mayor's goal of creating more affordable housing, Brooklyn and Manhattan sit atop the list of the most unaffordable housing markets in the country. It seems that the old adage is becoming truer: New York is a place for only the very rich and the very poor. In The Creative Destruction of New York City, urban scholar Alessandro Busà travels to neighborhoods across the city, from Harlem to Coney Island, from Hell's Kitchen to East New York, to tell the story of fifteen years of drastic rezoning and rebranding, updating the tale of two New Yorks. There is a gilded city of sky-high glass towers where Wall Street managers and foreign billionaires live-or merely store their cash. And there is another New York: a place where even the professional middle class is one rent hike away from displacement. Despite de Blasio's rhetoric, the trajectory since Bloomberg has been remarkably consistent. New York's urban development is changing to meet the consumption demands of the very rich, and real estate moguls'power has never been greater. Major players in real estate, banking, and finance have worked to ensure that, regardless of changes in leadership, their interests are safeguarded at City Hall. The Creative Destruction of New York City is an important chronicle of both the success of the city's elite and of efforts to counter the city's march toward a glossy and exclusionary urban landscape. It is essential reading for everyone who cares about affordable housing access and, indeed, the soul of New York City. In The Creative Destruction Of New York City, Urban Scholar Alessandro Busà Travels To Neighborhoods Across The City, From Harlem To Coney Island, From Hell's Kitchen To East New York, To Tell The Story Of Fifteen Years Of Drastic Rezoning And Rebranding, Updating The Tale Of Two New Yorks. There Is A Gilded City Of Sky-high Glass Towers Where Wall Street Managers And Foreign Billionaires Live-or Merely Store Their Cash. And There Is Another New York: A Place Where Even The Professional Middle Class Is One Rent Hike Away From Displacement. Despite De Blasio's Rhetoric, The Trajectory Since Bloomberg Has Been Remarkably Consistent. New York's Urban Development Is Changing To Meet The Consumption Demands Of The Very Rich, And Real Estate Moguls' Power Has Never Been Greater. Major Players In Real Estate, Banking, And Finance Have Worked To Ensure That, Regardless Of Changes In Leadership, Their Interests Are Safeguarded At City Hall. The Creative Destruction Of New York City Is An Important Chronicle Of Both The Success Of The City's Elite And Of Efforts To Counter The City's March Toward A Glossy And Exclusionary Urban Landscape. -- Publisher's Description Introduction -- The New Face Of Harlem's Main Street -- How Capital Shapes Our Cities -- The Producers And Consumers Of New York City -- Rezoning Nyc -- The Rezoning That Almost Killed Coney Island -- Branding Nyc -- A Different Brand Of Mayor -- Afterword. Alessandro Busà. Includes Bibliographical References And Index.