Friday, January 26, 2018

Point-Counterpoints

In this year of our Lord 2018, NYC is faced with two massive dilemmas that could have ripple effects on the city's economy and population for years, even decades, to come. 

First, will NYC aggressively try to win the bid for a second Amazon headquarters?

Second, will NYC and the state impose congestion pricing on drivers into Manhattan?

There are massive pros and cons for each proposal and I, for one, am stumped. Should we pursue either? It basically comes down to this:

Amazon headquarters 
Pros: 50,000 high-paying jobs resulting in residual benefits to small businesses and consumers in NYC.

Cons: more gentrification, more population growth, ever higher rents and home prices, more squeezing out of the middle class. 

Congestion Pricing
Pros: reduces unbearable traffic in Manhattan, creates an MTA revenue stream for improvements to public transit.

Cons: a regressive tax on outer-borough residents who need to drive into the city.


(There's an entire site dedicated to just this very subject.) 

So what do you think? All readers are invited to comment (respectfully) in a good old-fashioned Point-Counterpoint.

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