New York City Mayor Bill de Blasio (D) and the city’s public-private Economic Development Corp. (NYCEDC) are doubling to $1 billion the Big Apple’s planned spending on life sciences programs through 2026, with the goal of helping create 40,000 jobs.
New York is Dead. Long live New York.
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Last Updated: May 15, 2021, 10:44 PM IST
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Synopsis
“It’s completely dead,” self-help author and provocateur James Altucher said in his blog essay “New York Is Dead Forever … Here’s Why” that was endlessly dissected, and mocked, last summer.
Reuters
“Businesses are remote and they aren’t returning to the office,” he wrote. “And it’s a death spiral.”
“It’s a ghost town,” former President Donald Trump said of New York City last fall during a debate with Joe Biden. “It’s dying. Everyone’s leaving New York.”
He was not the only one who saw all the closed storefronts and empty offices and wrote it off.
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