From Next American City via DDDB:
Ron Shiffman, a professor at the Pratt Graduate Center for Planning and the Environment and a former commissioner at the New York City Planning Commission [says], “There are empty lots where luxury condos were planned,” he says. “Now we see that this idea that we would always have an unending supply of the wealthy is wrong, and we see that we need to diversify the way we are building our cities.” His suggestion for the empty lots? Tree nurseries. Money may be running dry, but ideas surely aren’t. An expensive glass window is no crystal ball, but look through it into a vacant room and you may be able to read the future: Cities can’t depend on trophy towers, or what happens inside of them, for sustainable economic development.
Photo from AM-NY.