Bad News: in 50 years I’ll be 50 years older.
Good News: In 50 years, 80-something will be the new 30-something.
Bad News: I won’t be able to live in Long Island City in 50 years because it will be under water. Continue reading
Here in our giant cul-de-sac, Oktoberfest ends and we immediately start gearing up for the next celebration. For some reason, Halloween in LIC has taken on a 12-Days-of-Christmas mode and gets celebrated repeatedly. Or maybe Burning Man is a better metaphor, with candy replacing hallucinogens, and decidedly less risque1, umm… costumes.
Anyway, just like that festival in the desert, Halloween comes to a climax on the final day with the Annual Kids Halloween Parade, aka candy orgy, down Vernon Boulevard. Things will be a little different this year, mainly because it’s on a Saturday and due to the increasing number of participants. So here’s the details, straight from the Grand Halloween Poobah herself, Sheila Lewandowski: Continue reading
So, Astoria is getting a $1 million dog run and Woodside is getting a $1.8 million renovation of their Big Bush Park. Kudos to them. Both projects seem to be much needed, even if there’s some question about the sizeable price tag on the dog park. What they also received was a lot of community input on these two projects. According to The New York Times article on the Astoria project: Continue reading
According to numerous tips we received this afternoon, an 8-year old Hunters Point girl was mauled by a dog in a vicious attack across from the Riverview restaurant on Center Boulevard a month ago. Per the mother’s posting on Facebook today: Continue reading
Back in the Mad Men days of say 1964, in addition to working in advertising, nothing was hipper than knowing a diplomat and attending parties at foreign embassies. In a very straight, conservative, monochrome country, any accent, the more exotic the better, was accorded a certain cachet in Manhattan circles. Feeling those choppers late yesterday afternoon as they hovered just above Gantry Park, and the omnipresence of the UN Building for anyone visiting the waterfront, reminded us once again that LIC is at the center of the universe.
At the very other end of the scale, is Continue reading
The Fall Equinox brings police boats to the East River for UN week, the Jets teasing their fans as if this is the year, a good yontif to the pontiff, and best of all Oktoberfest in full swing 1. It did not Continue reading
Apartment prices are heading down soon, there’s simply too much supply coming on. Not only in LIC, but citywide – a gaze across the river confirms that the cranes aren’t just in Court Square and Queens Plaza. A good analogy would be the recent drop in crude oil prices. All those drilling rigs cracking open shale, led to a glut. In the latter stages, a lot of cheap debt and high priced equity fueled even more drilling, until it tipped the balance.
We have the same in NYC – a hunt for yield has led investors worldwide to invest here, both by lending money to developers and acting as silent partners on the equity side1. So many of the new towers and other projects are being built using Other Peoples Money (OPM), which in the 21st century is the last stage of a real estate bull market. The good news is that the percentage drops from today’s peak apartment prices, will not be nearly as drastic as oil’s.
More importantly, while we expect softness in the rest of the city, sales inventory in LIC Continue reading
Next Tuesday, September 22, at 6pm there will be a Participatory Budgeting (PB) neighborhood assembly in the auditorium at PS78Q.1 PB is where our local councilman lets you decide how to spend $1 million on community improvements to parks, schools, libraries, streets, and more. It’s not quite that simple, there’s a whole process in place to make sure it doesn’t end up in your Uncle Lou the contractor’s pocket, but it’s the starting point for ideas. So here are two suggestions for LIC. Continue reading