New York City and Investors Make Multi-Million Dollar Bet on Sunset Park in Brooklyn

The Brooklyn Army Terminal. (Flickr / Der_Krampus)

The Brooklyn Army Terminal. (Flickr / Der_Krampus)

With tens of millions of dollars, New York City hopes to jumpstart a transformation of Brooklyn’s Sunset Park neighborhood into a hub for artists and tech companies. As the Wall Street Journal reported, the city is spending $100 million to transform part of the Brooklyn Army Terminal—an old navy-supply hub—into space for light manufacturing. That investment is just one piece of the millions of dollars flowing into the neighborhood from real estate investors.

While the money will be significant, giving new life to Sunset Park’s industrial corridor will take more than artisanal pickles and startups. It will take great public space and significant improvements to the neighborhood’s streetscape. At this point, however, it’s not clear if that type of investment is in the cards.

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