|Gary Garrison recently said in a Dramatists Guild meeting here in Chicago that the price of real estate is killing so many thing in NYC.
A big real estate developer said before the New York City Council in around 1978 that the grand plan for Manhattan was to make the entire island a place where no one making less that $40,000 could live there. Seems as if it is becoming true. Or as Woody Allen once said, "Manhattan will eventually become restaurant owners eating at other restaurant owner's restaurants."
I did an inflation adjustment search relating to the City Council president's remarks.
What cost $40,000 in 1978 would cost $130,094.73 in 2009.
Looks as if their grand design is working!
Although, will anyone want to live there with the bedbugs?!
Out of curiosity, I also did a search for the guy who spoke the words to see where he is today, if even alive. He is currently under indictment.
in media res
Last edited on Fri Nov 12th, 2010 03:07 pm by in media res