Word: manhattanization
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That reality includes an infrastructure so dilapidated that the very streets seem to be rising up in rebellion. A year ago, a series of exploding steam pipes spewed carcinogenic asbestos into apartment houses in Manhattan. When some residents moved back into their homes after a protracted cleanup, objects of value had been stolen...
...booming real estate market transported New York to a paroxysm of unbridled capitalism, with all its attendant glitz and excess. At the height of the bull market, 60,000 new jobs were being created annually, luring droves of hyperambitious baby boomers to the canyons of Wall Street and midtown Manhattan. Nicknamed "the Erector set," a stable of real estate developers transformed the cityscape, throwing up 50 million sq. ft. of glistening office monoliths within Manhattan alone. New fortunes upended the city's social lineage, shoving Rockefeller and Astor aside for Trump, Steinberg and Kravis. The new barons redefined wealth beyond...
Skyrocketing real estate prices (a one-room apartment that rents for $800 a month is considered a bargain) have driven middle-class families out of Manhattan and are threatening the creative enterprises that make the island a cultural oasis. Twenty years ago, about 50 or 60 new productions opened on Broadway each year. Today soaring costs have driven the price of an orchestra seat to $60, and a healthy season yields no more than 35 new shows, only 12 of which are deemed successes. In dance alone, New York lost 55 world-class studios in the past four years. Others...
...says, because "I felt the need for something bigger." Attinger is not defensive about the fact that she, her husband Bernard Cohen and their two daughters, Celia, 6, and Abigail, 3, live across the Hudson River in New Jersey. "Not only is it too expensive to live in Manhattan, but everything is too big and tall for small children," she says. Whenever they can, however, she and her family take advantage of New York's theaters, museums and zoos, those "good things" about the city that native New Yorkers brag about -- but are often too busy to enjoy...
...dramatic black-and-white picture essay accompanying the story is the work of Kenneth Jarecke, who spent two weeks photographing the city. "I always thought I knew how bad New York was," says Jarecke, a resident of Manhattan's Tribeca area, "but I didn't really know until I started working on the streets. You see the garbage and the homeless everywhere...