In collaboration with NYU’s Furman Center
Our third episode revolves around Industry City, a large shopping complex in Sunset Park, that is poised to increase its square footage from 5.3 to 6.6 million square feet as part of a comprehensive rezoning. Developers believe the rezoning will bring new jobs, while residents fear those new opportunities will attract wealthier households and displace a part of Brooklyn many hold dear. Do new jobs and commercial activity lead to gentrification and displacement?
Correction: This episode cites a statistic that 57 percent of current workers at Industry City are from Sunset Park. In fact, 57 percent are residents of Brooklyn, as reported by an HR&A Analysis in 2017.
Additional Reading:
- Making Sense of Incentives: Taming Business Incentives to Promote Prosperity (Tim Bartik, Upjohn Institute)
- Who’s to blame for high housing costs? It’s more complicated than you think. (Jenny Schuetz, Brookings Institution)
- Workforce Housing and Middle Income Housing Subsidies: A Primer (Jenny Schuetz, Brookings Institution)
