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Councilmember Proposes Advertising on NYC Trashcans; Wall Street Crisis Will Result in Office Vacancies

trashcan advertising

The New York Daily News reports today that Councilmember David Yassky is pushing the City to allow advertising on municipal trashbins.  MAS’ Streetscapes Committee, which has fought to minimize the amount of advertising on public streets and buildings, will be monitoring this proposal as it moves forward in the City Council.

The financial crisis on Wall Street will lead to large swaths of office vacancies and may delay large office oriented developments projects, such as Hudson Yards and the World Trade Center, as well as towers designed for financial firms; Reuters, New York Times, Crain’s New York Business report.  Meanwhile, the liquidation of Lehman Brothers and the sale of Merrill Lynch will have enormous impact on New York City cultural institutions that receive large pledges from the two firms (New York Sun).

In other news, Rem Koolhaas’ new residential tower at Madison Square is now visible. The deconstructivist tower is a humorous foil to the somber adjacent tower with which it shares a lobby (New York Sun)

Plantings for the High Line are proceeding; the perennials were delivered this week – see photos on Curbed

The author and poet Arthur Nersesian is taking a fictionalized approach to telling the Robert Moses story in his five book series, “The Five Books of Moses” (New York Times)