Residential and commercial construction alike doubled in New York under Mayor Bloomberg, who rezoned over a fifth of the city to create large parcels for development under the assumption that the economy would continue to boom. Now, stalled megaprojects like Brooklyn’s City Point complex leave depressing holes in neighborhoods, serving as daily reminders of the tenacious recession and leaving the city strapped for the cash it was counting on to fund other projects. What is to be done? Read More