{"id":5123,"date":"2011-12-25T01:30:09","date_gmt":"2011-12-25T09:30:09","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/yulelog\/?p=5123"},"modified":"2011-12-25T11:30:17","modified_gmt":"2011-12-25T19:30:17","slug":"the-sunday-diigo-links-post-weekly-152","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/yulelog\/2011\/12\/25\/the-sunday-diigo-links-post-weekly-152\/","title":{"rendered":"The Sunday Diigo Links Post (weekly)"},"content":{"rendered":"<ul class=\"diigo-linkroll\">\n<ul class=\"diigo-linkroll\">\n<li>\n<p class=\"diigo-link\"><a href=\"http:\/\/www.city-journal.org\/2011\/21_4_brooklyn.html\">How Brooklyn Got Its Groove Back by Kay S. Hymowitz, City Journal Autumn 2011<\/a><\/p>\n<p class=\"diigo-description\">Fantastic article by Kay Hymowitz on Brooklyn, NY: history, economics, gentrification, and the importance of land use zoning. Must-read.<br \/>\nQUOTE<br \/>\nWalentas\u2019s prescience\u2014and patience\u2014put him in an unusual position. Like many successful developers, he was able to make a lot of money: space in the buildings he bought for $6 per square foot now sometimes sells for $1,000 per square foot. But unlike other developers, Walentas owned so much of a neighborhood that he could play God. Also, since he was making so much money from the properties overall, he could give rent breaks to commercial tenants that he viewed as desirable\u2014for instance, upscale retailers like West Elm, the modern-furniture outlet, and Jacques Torres, a high-end chocolatier\u2014while refusing chains like Duane Reade, which, he felt, set the wrong, down-market tone.<br \/>\nUNQUOTE<\/p>\n<div style=\"width: 570px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/en.wikipedia.org\/wiki\/Park_Slope,_Brooklyn\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 4px solid white\" src=\"http:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/e\/e9\/ParkSLope-Fabulous.JPG\/800px-ParkSLope-Fabulous.JPG\" alt=\"\" width=\"560\" height=\"420\" \/><\/a><p class=\"wp-caption-text\">Wikipedia image<\/p><\/div>\n<p class=\"diigo-tags\"><span>tags:<\/span> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/city_journal\">city_journal<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/kay_hymowitz\">kay_hymowitz<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/brooklyn\">brooklyn<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/nyc\">nyc<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/urbanism\">urbanism<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/urban_renewal\">urban_renewal<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/entrepeneurialism\">entrepeneurialism<\/a><\/p>\n<\/li>\n<\/ul>\n<\/ul>\n<h3>Tolerating complexity<\/h3>\n<p>&#8230;After you&#8217;ve read Hymowitz&#8217;s article, which includes an analysis of Dumbo, consider Stephen Smith&#8217;s piece, next, which argues against certain zoning restrictions (including height). If I&#8217;m reading Smith (aka <a href=\"https:\/\/twitter.com\/#!\/marketurbanism\">@marketurbanism<\/a>) correctly, he in effect proposes a kind of trickle-down urbanism: if you have more space available, it becomes cheaper to have\/ rent\/ own (which in turn would help spur economic development, including entrepreneurial startups, in NYC). But after reading Hymowitz&#8217;s take on the numbers of people employed (both historically by manufacturing plants, which employed thousands, and startups, which employ minuscule numbers in comparison), the argument might need tweaking. While I agree with much of what Smith writes, Hymowitz&#8217;s analysis is perhaps more cognizant of the complexities involved.<\/p>\n<p>Smith&#8217;s piece:<\/p>\n<ul class=\"diigo-linkroll\">\n<li>\n<p class=\"diigo-link\"><a href=\"http:\/\/www.forbes.com\/sites\/stephensmith\/2011\/12\/18\/the-lord-gave-to-nyc-tech-start-ups-and-universities-and-the-lord-hath-taken-away\/?partner=following_topic_weekly\">The Lord Gave To NYC Tech Start-Ups And Universities, And The Lord Hath Taken Away &#8211; Forbes<\/a><\/p>\n<p class=\"diigo-description\">@MarketUrbanism makes the case for a variant of trickle-down benefits of market forces.<br \/>\nQUOTE<br \/>\nWhen Ryan Avent\u2019s ebook The Gated City came out, I summed up his thesis as being that if you allow more growth in Silicon Valley, you get more tech companies and tech wages. The same principle is worth a try around Union Square and Dumbo. They\u2019re both urban neighborhoods, but are relatively squat compared to other commercial neighborhoods in the city. They may not be completely \u201czoned out\u201d for new development, but the amount of developable space is a small fraction of what\u2019s already built, and it\u2019s certainly not enough to keep prices from rising faster than the rate of inflation. In Dumbo, for example, new buildings are barely allowed to rise above the height of a elevator-less walk-up, when they\u2019re allowed at all. In Union Square, the hottest new building isn\u2019t even new, but rather an expensive rehab of an old structure with barely any new square footage. Entrepreneurs, especially in lucrative industries like technology, are willing to shell out more money to be in a talent hub like New York or Silicon Valley, but their ability to pay is not limitless.<br \/>\nUNQUOTE<\/p>\n<p class=\"diigo-tags\"><span>tags:<\/span> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/forbes\">forbes<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/stephen_smith\">stephen_smith<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/marketurbanism\">marketurbanism<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/cities\">cities<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/nyc\">nyc<\/a> <a href=\"http:\/\/www.diigo.com\/user\/lampertina\/urban_development\">urban_development<\/a><\/p>\n<\/li>\n<\/ul>\n<p class=\"diigo-ps\">Posted from <a href=\"http:\/\/www.diigo.com\">Diigo<\/a>. The rest of my favorite links are <a href=\"http:\/\/www.diigo.com\/user\/lampertina\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Brooklyn Got Its Groove Back by Kay S. Hymowitz, City Journal Autumn 2011 Fantastic article by Kay Hymowitz on Brooklyn, NY: history, economics, gentrification, and the importance of land use zoning. Must-read. QUOTE Walentas\u2019s prescience\u2014and patience\u2014put him in an unusual position. Like many successful developers, he was able to make a lot of money: [&hellip;]<\/p>\n","protected":false},"author":311,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[290],"tags":[],"class_list":["post-5123","post","type-post","status-publish","format-standard","hentry","category-links"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/yulelog\/wp-json\/wp\/v2\/posts\/5123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/yulelog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/yulelog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/yulelog\/wp-json\/wp\/v2\/users\/311"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/yulelog\/wp-json\/wp\/v2\/comments?post=5123"}],"version-history":[{"count":6,"href":"https:\/\/archive.blogs.harvard.edu\/yulelog\/wp-json\/wp\/v2\/posts\/5123\/revisions"}],"predecessor-version":[{"id":5129,"href":"https:\/\/archive.blogs.harvard.edu\/yulelog\/wp-json\/wp\/v2\/posts\/5123\/revisions\/5129"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/yulelog\/wp-json\/wp\/v2\/media?parent=5123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/yulelog\/wp-json\/wp\/v2\/categories?post=5123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/yulelog\/wp-json\/wp\/v2\/tags?post=5123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}