A century ago, one of the things New York City had a good reputation for was its infrastructure. Just looking at its water tunneling and reservoir systems, one could immediately tell that there was good, solid work done on the city’s infrastructure. At the time, that was very important to quality of life and popularity of such a large, cosmopolitan city.
But the 21st century changed the way we look at infrastructure and it is unclear as to how much NYC changed with it. Due to digitalization of the economy, building infrastructure is not the big name, but rather data infrastructure is. And it appears that NYC is not keeping up with its Silicon Valley counterparts.
When it comes to business and corporations, New York has it all. It gets mentioned in Fortune 500 and Forbes articles and is a hub for business development. But when you look at the start-up industry it seems like it is just not “all that” and when comparing it to Silicon Valley it has almost been an embarrassment.
It is not all doom and gloom though. Things do seem to be changing with their up-and-coming firms which are taking quite a chunk of the market share. In addition there is an increasing number of startups with core technological aspects which are focused on the creation and development of enterprise infrastructure and apps that have traditionally been lacking so much in the area. And thus authors of this article believe that there is now a “changing exit environment for startups in NYC, the rise of a set of mafias which are incubating startups, and the changing culture of customers and how that is assisting NYC startups with their competition out west.”
An investigation is being undertaken into how New York’s major utility companies have responded to the loss of power to close to 600,000 homes/businesses in the northeast earlier this month. Also being considered is the groundwork that was embarked upon prior to the events.
Seven utility companies are being inspected. They have all been notified by the Public Service Commission of this. there were two utilities that received the bulk of the criticism due to the amount of time it took to restore power following the snow storms of March 2nd and March 7th with some people being without power for up to 10 days.
Cuomo said he was “not satisfied,” calling the situation “wholly unacceptable. These storms have now become the rule rather the exception. They have to have the capacity to quickly restore power.”
The NY Federal Government requested Cuomo’s administration to remove the ‘I Love NY’ road signs which threatened to cost taxpayers a $14 million penalty. Now that it has been decided the campaign has finally “run its useful course,” a new tourism initiative will replace this one in time for summer.
According to a joint statement put out by Acting Transportation Commissioner Paul Karas and Thruway Authority Director Matthew Driscoll:
“Since the Governor initiated this branding effort, the number of tourists to New York State has increased by 18 percent and the direct economic impact of tourism on the State has skyrocketed by more than 20%.”
In addition, according to NYC & Co Spokesman Chris Heywood there was an increase in arrivals to NYC from the 2016 number of 60.5 million to 61.8 million in 2017. This increase was put down to being driven “primarily by domestic U.S. tourism” (which could be put down to the I ❤️ NY signs?).
A bit further afield state officials are looking toward North County to get a tourism grant. $13 million in capital funding has been earmarked by Cuomo to build new lodging properties in northern New York and last year a task force was set up to organize a model for successful lodging development in an effort to bolster tourism. The money will be targeted specifically to the Thousand Islands and Adirondack regions.
New York City has always been “the place to be,” in so many spheres: entertainment, business, lifestyle and more. But, all of that comes at a price. And it seems that one of the biggest price tags is transportation and mobility.
According to a recent article in Crain’s New York by Scott Rechler, there are many things that can be done. Move New York’s has already started this process with a logical congestion pricing plan created by transportation experts. Other ideas include bringing in a traffic management strategy to lower tolls on overnight deliveries while increasing them during peak time.
In general, Rechler believes there needs to be a more efficient use of the transportation infrastructure that is already in place, such as taking greater advantage of traffic-enforcement cameras (which can be relatively easily installed) and invoking more radical fines for roadway misdemeanors.
Additional reporters are being hired in Fox News’s New York office, as a response to the increase in need in the digital journalism field. 1211 Avenue of the Americas in Manhattan will undergo some reconstruction to accommodate this. one floor at the Newsroom’s headquarters will become open-space for journalists, bringing them up from the basement. This will result in editors and reporters being “brought out into the open” as it were.
According to Rupert Murdoch the initiative represents a “major investment in the future of FOX News,” adding that it indicates his personal “unwavering confidence” in the company. Any kind of current internal politics that is being discussed (such as the ousting of FOX News’ co-founder and chairman Roger Ailes) is therefore not an issue, with this action.
Meanwhile, at the Yonkers Public Library renovations are set to begin. A while ago it was realized that the project had to be undertaken, given the fact that concrete panels were really falling apart – something that had two-to-three decades in the making – and were now posing a safety threat! Work is now slated to begin on this by the summer; the focal part being the front of the building and part of the southern side – in the children’s library. Phase two will require a borrowing from the city of $2.4 million, required for the building’s north and back sections.
$2 billion may seem like a lot for infrastructure (and it is) but given that New York is in some serious need of an upgrade for its water and sewer systems, that is hardly anything. Indeed, experts believe that it is likely to cost around $80 billion.
This proposal by Gov. Cuomo is in addition to the $200 million that was approved in 2016 by lawmakers for water projects in the region. Despite this, the proposal is garnering support from both parties due to the fact that many of the water systems have been wearing out for some time already (one example being that almost 1,500 water main breaks were encountered by The Erie County Water Authority in 2015). Indeed, it has been estimated that 20 percent of NYC’s treated water which goes into municipal pipes encounters a leak before it gets to the faucet which is becoming an increasingly problematic situation. Maintenance and repair is crucial now before the situation worsens.
One problem is however, as Steven Cohen, Executive Director of Columbia University’s Earth Institute asks:
“The structure of the public-private deal or partnership is critical, but again, the central issue remains, who pays? People resist paying for resources that once were free. Before this country became modern and urban, many people were able to get water for free from their own wells. They managed their waste in septic fields and compost heaps, and the occasional garbage fire. Now they pay for water, sewage treatment and waste removal. They used to get their TV for free with antennas, now they pay monthly Internet and cable bills. Life has become more complicated and more expensive and our incomes have not kept pace with the increased cost of everything. It’s easy to understand why people resist paying for the modernization of infrastructure. But it can’t be avoided for much longer. A progressive fee system for privatized infrastructure needs to be considered as part of the way to help the working poor and people on fixed incomes to bear the cost of infrastructure upgrades.”
He answers: “The issue is how payment for the infrastructure is set up and how the government maintains control to ensure accountability if the private firm does a lousy job.”
Let’s hope the bill is sorted out in time for New Yorkers to get safe water in their homes.
There are currently some extremely substantive projects underway which will develop New York City’s infrastructure quite significantly over the next few years. Large funds have been and are going into these and this article looks at some of the major ones.
In addition to the one that has already happened at the beginning of this year (the Second Avenue subway line that was a century in the making and cost $4.5 billion) there is the construction of the real estate project at Hudson Yards, which has been deemed the most expensive of its kind in American history. Then there is Cornell University’s construction of its fancy new campus featuring classrooms, a hotel, eateries and stores for its graduate students.
Since the 9/11 attacks NYC has also been working toward the renovation of the site where the Twin Towers were destroyed and now the Freedom Tower has been erected which is New York’s tallest skyscraper, along with a new transit hub, the memorial, museum, mall and park. Two more towers along with a small church and arts center are still being constructed with everything due for completion in the next three years.
Essex Crossing (across from the lower east side in Manhattan) will have 1,000 apartments which will be available for low to moderate-income residents and feature a Regal movie theater, street market, cultural space and bowling alley. Others of the large scale constructions in the work include: Hunters Point South (a 30-acre project over in Long Island City, Queens which will likewise offer affordable housing), Pacific Park (again with a lot of lower rent priced apartments – 2,250 of which will be lower than market rate – as well as an eight-acre park, and a variety of shops to Prospect Heights, Brooklyn) and Industry City (which is a major redevelopment featuring a hotel, stores and a 16-building hub for tech startups).
New York City is clearly undergoing some major construction for enhancements over the next few years that are set to really benefit lower-income individuals and families.