Tuesday, March 27, 2012
SHOCKING NEWS: Overdevelopment strains schools
New development in New York has soared over the last 10 to 15 years. While this may be good for the city’s economy and the overall health of the real estate market, a new study examines one major downside to new construction.
"The report goes through all the new construction in a number of neighborhoods and it shows how many seats the city should have planned for based on the new housing units built. The city should have been building schools all along," says Barbara Denham, the chief economist of Eastern Consolidated.
Unfortunately, it has not. According to Denham's report, the city has not followed its own formula for how many new school seats should be created based on the number of new housing units added.
Her report evaluated the Upper West Side, Midtown West and Lower Manhattan and found the more construction, the more the public schools are being squeezed.