In a recent lunchtime discussion with a colleague we wondered whether Sandy would be a long term plus or minus for the New York metropolitan area. On the one hand there's all the short term losses of damage and destruction, plus the lost earnings from closed businesses and lost work.
The lower east side and the village was hit the worst, which, as you may or may not know, is mostly small, local businesses. Now they suffer, hard. The comedy clubs, small restaurants, bake shops, coffee shops, hardware stores, etc...are all suffering financially with the MTA shut down. Today is the first day we in the outer boroughs have been able to take SOME trains into the city. Those small shops depend on the transit for their busniess. Plus not to mention the employees, like myself and other comics, musicians and local artist who make their living from performing in the small venues, parks, etc...
On the other hand there's the economic stimulus of replacing all the damaged and destroyed infrastructure, and all the business and economic opportunities that come with it, plus there's the opportunity of replacing or building better than before.
This will definitely help a portion of NY'rs, those in large union construction companies that will get the large bids. But remember, a lot of the MTA stuff, which took the most damage, is repaired by the city workers. So if anything the city itself will get a bigger budget to work with. Not much for the avergae NY'er.
But the central focus of our discussion was whether in the end New York will come out ahead.
New York ALWAYS comes out ahead. It's New York, baby!'
- Oni
Edited by onifre, : No reason given.