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NYT Excerpt: Why The Bronx Seems Gentrification-Proof

Filed by KOSU News in Business.
July 10, 2012

This week in The New York Times Magazine, Adam Davidson asks why the borough hasn’t been able to catch up with the rest of New York City’s phenomenal economic growth:

…In the early 1970s, the Bronx and Brooklyn had similar average household incomes. Since then, though, the gap has grown significantly. The average Brooklyn resident is now around 23 percent richer than the average Bronxite; people in Queens are roughly 32 percent richer. (Manhattan residents are 265 percent wealthier; Staten Island residents, by the way, are 55 percent richer.) What happened?

Read the full column to find out why the Bronx should look to places like Pittsburgh for economic inspiration. [Copyright 2012 National Public Radio]

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